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Gemfields rough emerald 140
Pallinghurst to Delist Gemfields by End of July
Private-equity firmPallinghurst Resources plans to delist colored-gemstone miner Gemfields from London’s Alternative Investment Market (AIM) by the end of July after nearly 90% of Gemfieldsshareholders accepted its takeover offer.Pallinghurst saidit intends to exercise its rights...
Gemstones Jul 16, 2017 Rapaport News
Gemfields rubies
Pallinghurst Emerges as Sole Gemfields Bidder
Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
Mining Jun 27, 2017 Rapaport News
Buyers at Gemfields Auction
Battle for Gemfields Heats Up
Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
Gemstones Jun 21, 2017 Rapaport News
Gemfields rough emerald 140
Gemfields Reluctantly Bows to Fosun Takeover Bid
Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
Gemstones Jun 20, 2017 Rapaport News
Fabergé jewelry
Gemfields Receives Chinese Takeover Bid
China’s Fosun conglomerate has put in a rival bid to takeover Gemfields, following an earlier offer by the colored-gemstone miner’slargest shareholder.Fosun Gold, a subsidiary of the Shanghai-based holdingcompany, has proposed to buy Gemfields for $0.52 (GBP 0.409) per...
Mining Jun 14, 2017 Rapaport News
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