U.S. stock market anomaly | Gold Fields (GFI.US) rose more than 6%, the company is set to acquire Gold Road for $2.4 billion.
According to the Wisdom Finance APP, on Monday, Gold Fields (GFI.US) rose more than 6% to $22.61. In terms of news, Gold Road Resources has agreed to accept the proposal from South African Gold Fields to acquire it for $2.4 billion. Gold Fields had previously proposed a $2.1 billion acquisition of Gold Road's joint venture partner Gruyere gold in Western Australia in March, but Gold Road's directors believed that the proposal was highly speculative and significantly undervalued the company, therefore rejecting it.
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