15 Jun Gemfields subject of $288 million takeover bid from Chinese firm
The world’s largest coloured gem producer Gemfields (LSE:GEM) has received a US$228 million takeover bid from Fosun Gold, a unit of Chinese conglomerate Fosun International. Fosun’s valuation of the company represents a 15.1% premium on the miner’s June 13 closing price, and a 10.1% premium on...