Gold Fields sweetens Yamana deal to win over investors
NELSON BANYA SOUTH Africa's Gold Fields fielded questions from sceptical investors after the company promised higher dividends and a Toronto Stock Exchange (TSX) listing to sweeten its proposed takeover of Canada's Yamana Gold. The miner announced plans to acquire Yamana in an all-share deal valuing the Canada-listed miner at $6.7 billion on May 31, but market reaction was largely negative and Gold Fields shares plunged 20% on the day. Gold Fields shareholders are expected to vote on the deal during the second week of October, company officials said on Monday. The company, which has a primary listing on the Johannesburg Stock…