Northern Star Resources rejected a $27 billion takeover offer from South Africa's Gold Fields, stating the bid undervalued the company and was opportunistic. The proposal included a mix of shares and cash but was seen as falling short of Northern Star's fundamental value, leading to a unanimous board rejection. Northern Star also expressed concern over the share-heavy payment and multiple conditions attached to the offer. Following the rejection, Northern Star's shares rose more than 9%, signaling investor confidence in the company's valuation and outlook.
Northern Star shares surged over 9% after rejecting a $27 billion takeover offer from Gold Fields. Gold Fields trades on Pluang at USD 39.49, down 3.26% as of Sep 28, 2026, 08:11 WIB. The market values Gold Fields at $35.60 billion, slightly above the bid amount, with a dividend yield of 5.33%.
