0207 GMT - Australia's Gold Road is unlikely to get a rival bid after reaching a takeover deal with South Africa's Gold Fields, says Euroz Hartleys. "We view the risk of an interloper as low" given Gold Fields is Gold Road's joint-venture partner in, and the operator of, the Gruyere gold mine, the broker says. A revised takeover bid for Gold Road, which rejected an initial proposal from Gold Fields in March, was expected, Euroz Hartleys says. The broker has a buy rating and a target price of A$3.39/share on Gold Road's stock, which is up 9.6% at A$3.255/share. Gold Fields's agreed takeover offer for Gold Road is valued at roughly A$3.40/share. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 04, 2025 22:07 ET (02:07 GMT)
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