Northern Star (ASX:NST) and Saracen (ASX:SAR) shares on watch after merger update

The Northern Star Resources Ltd (ASX: NST) share price and the Saracen Mineral Holdings Limited (ASX: SAR) share price will be on watch on Thursday after the release of an update on their merger plans this afternoon.

What did they announce?

This afternoon the two gold miners jointly announced that all Northern Star financier consents and material Saracen facilities and relevant agreements consents required under their merger implementation deed have been obtained and are now satisfied.

This brings the completion of the mega merger a step closer, though it is far from being complete.

The scheme of arrangement, which will see Northern Star acquire 100% of Saracen, remains subject to a number of other remaining conditions. These…