SEC agrees to help FSB probe Gold Fields bid claim
Publish date: 18 April 2007
Issue Number: 1807
Diary: Legalbrief Today
Category: Corporate
According to FSB executive director for the market abuse department, Gerhard van Deventer, the US Securities and Exchange Commission has agreed to assist SAs Financial Services Board in its investigation into last weeks lead of a purported bid for Gold Fields, says a Business Day report.
Last Wednesday, news agency Bloomberg reported that an unknown US financier, Edward Pasturing, planned a takeover bid for Gold Fields. The FSB said it was not investigating Gold Fields itself. If Gold Fields has leaked the information, it would be investigated, but that was not where the FSBs focus was directed. Full Business Day report
