INVESTORS AND MEDIA 
In the news
The Globe and Mail reports in its Friday edition that dissident Gold Fields Ltd. shareholder Redwheel is doubling down on its opposition to Gold Fields' acquisition of Yamana Gold, saying the South African miner should walk away from the deal and put the funds instead toward a major share buyback.
The Globe's Niall McGee writes that Johannesburg-based Gold Fields offered to buy Toronto-based Yamana Gold in an all-stock deal that was worth $6.7‑billion (U.S) when it was announced in May, but in the interim the value has plummeted by close to 40 per cent owing to a severe sell-off in Gold Fields shares. British investment manager Redwheel, a major Gold Fields shareholder, in June denounced the deal as far too expensive, given the 42‑per‑cent premium that Gold Fields was offering. On Thursday, Redwheel reiterated its opposition to the deal on valuation grounds, and is now calling on Gold Fields to buy back $1.5‑billion (U.S.) in shares, instead of chasing an expensive acquisition of Yamana. About 10 days ago, Gold Fields chief executive officer Chris Griffith said in a media call that he hoped some of its large shareholders would go public and say they were in favour of the deal, but so far that has not happened.
