takeover spec surrounding wafi-golpu

http://www.businessweek.com/news/2011-03-24/harmony-gold-rises-the-most-in-two-years-on-takeover-speculation.html

RBC?s Leon Esterhuizen yesterday raised Harmony to ?outperform? from ?sector perform,? citing it as a possible takeover target.

?Another gold major could be looking at a strategy of making a bid for Harmony? to strip out its Papua New Guinea assets and re-list the rest separately, Esterhuizen wrote. It may ?make sense? for larger competitor Gold Fields Ltd. to make a bid, he said, adding that a tie-up with AngloGold Ashanti Ltd., Africa?s largest gold producer, is ?a bit less obvious.?