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TUE, 29 SEPT · 107 ITEMS
Sydney Morning Herald, Reuters, CNBC + 6 more · Australia
9 outletsNorthern Star Resources, Australia's largest listed gold miner, has rejected an unsolicited A$38.7 billion (US$27.1 billion) takeover proposal from South Africa's Gold Fields. The offer, pitched at 0.3125 Gold Fields shares per Northern Star share, was dismissed as 'highly ' and as undervaluing the company; a deal would have created one of the world's largest gold miners.
The claim is solid: it is based on Northern Star's own confirmation of the rejection, reported consistently by Reuters, the Sydney Morning Herald, CNBC and others. The A$38.7 billion figure is the Australian-dollar value of the offer (about US$27 billion), and the reporting sits close to the company's announcement.
Genuinely new — the rejection was announced and reported on 28 September 2026, with no recirculation.
We covered the approach earlier the same day, when activist investor Elliott was pushing for more value at Northern Star, and in July we noted the company's new CEO had a $5.6 million 'takeover parachute' — a sign it was already seen as a potential target.