Harmony Gold Mining (HMY-N) has stretched its offer period for South African rival Gold Fields (GFI-N) to March 18 while it awaits a decision from South African corporate-competition regulators.
The offer of 1.275 Harmony shares for each Gold Fields share had attracted only about 44,000 Gold Fields shares up to Jan. 20.
Russian nickel producer Norilsk Nickel (NILSY-O), which owns about 20% of Gold Fields, has a lockup agreement with Harmony. Harmony itself bought about 11.5% of Gold Fields on the open market.
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