© Reuters. FILE PHOTO: A small toy figure and gold imitation are seen in front of the Gold Fields logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration
JOHANNESBURG (Reuters) – The board of South Africa’s Gold Fields (NYSE:) has decided it will not offer to change the terms of its deal to take over Yamana Gold (NYSE:) after Agnico Eagle (NYSE:) and Pan American made a surprise bid for the miner on Friday.
The decision not to make a new bid reflected “commitment to capital discipline” and the “fairness” of the deal to both Gold Fields and Yamana shareholders, the South Africa-listed gold miner said on Monday.
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