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Consolidated Gold Fields PLC and Newmont Mining...

Consolidated Gold Fields PLC and Newmont Mining Corp. filed a federal lawsuit to block a hostile buyout bid by a South African conglomerate on grounds the offer violates federal securities and antitrust laws. The suit, filed in U.S. District Court in New York, was the latest action the companies have taken to thwart the overture by South African-controlled Minorco SA, which has offered $3.5 billion for the 70.6% of Consolidated that it does not already own. London-based Consolidated owns a 49.3% stake in New York-based Newmont.


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