AUSTRALIAN gold miner Acacia Resources has formally recommended that its shareholders accept a takeover bid from the world’s largest gold producer, AngloGold. AngloGold has offered 3,5 of its shares for every 100 Acacia shares, a 24% premium to the share price before the bid and a 41% premium on the price before fellow Australian gold miner Delta Gold NL made an unsuccessful bid. “In the absence of a higher offer the directors of Acacia unanimously recommend that you accept the AngloGold offer, as they intend to do for their own Acacia shares,” the company said in its takeover offer response documentation.