Business
Beament’s biggest gold deal sparks billion-dollar rally – The Australian Financial Review
An extraordinary share price rally shows investors trust Northern Star and Saracen’s ability to find close to $2 billion of synergies through their gold merger.
Over his 13 years in charge, Mr Beament has used acquisitions to grow Northern Star from a microcap worth less than $10 million to a major worth more than $11 billion, and Tuesday’s enthusiastic market response suggests investors are willing to back him to liberate synergies through a merger of the two companies’ mines.
”The merger will create a top ten global gold miner which will meet the investment criteria of leading international and domestic fund managers, giving it scope to attract the …
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