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JOHANNESBURG (Reuters) – The board of South Africa’s Gold Fields (NYSE:GFI) has decided it will not offer to change the terms of its deal to take over Yamana Gold (NYSE:AUY) after Agnico Eagle (NYSE:AEM) 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.
