has fallen on his swordIt came as a rather surprising ending to a six-month saga in which Griffith tried desperately to win shareholder support for a deal which would enhance the group's long-term value proposition.
The proposed all-share deal for the Canadian-based precious metals miner, however, didn't even go to a vote where it would have either been approved or shot down by shareholders.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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JUST IN | Chris Griffith resigns as Gold Fields CEO after failed Yamana deal | BusinessGold Fields CEO Chris Griffith has resigned in the wake of the mining company’s failed bid to acquire Canadian precious metals miner Yamana Gold. | News24_Business _Business The insatiable appetite of Gold Fields to grow through acquisitions has over the years failed & claimed many CEO’s. The Cerro Corona, IAMGold failed deals have not taught GF anything. A different growth strategy must be persued. Otherwise, good CEO’s will fall on their swords.1/2 _Business Good call.
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Chris Griffith falls on his sword, quits as Gold Fields’ CEO over failed Yamana transactionChris Griffith is taking the fall for the company’s failure to execute its proposed all-share, $6.7-billion acquisition of Canadian mining company Yamana Gold. The company said on Tuesday that Griffith had taken responsibility for the failure and offered to step down. Block and don’t distribute pay to view articles
Source: dailymaverick - 🏆 3. / 84 Read more »