Northern Star Rejects $27 Billion Takeover Proposal From Gold Fields

• Northern Star rejected Gold Fields' $27.2B takeover as opportunistic and undervalued • Deal would have created the world's second-largest gold producer • Gold Fields says it will keep pursuing talks, citing strategic benefits Northern Star Resources rejected a US$27.2 billion takeover proposal from Gold Fields that would have created the world's second-largest gold producer, calling the offer highly opportunistic and a material undervaluation of the Australian miner. Gold Fields said it will continue seeking talks with Northern Star's board, arguing a combination would deliver strategic and financial benefits by merging eight of Australia's top 20 gold mines. Northern Star has assured investors it is addressing concerns about its operational performance.