Business
Supreme Court approves Northern Star and Saracen mega merger
The Northern Star Resources Ltd (ASX: NST) share price closed slightly higher this afternoon at $13.08, a 0.85% lift.
Earlier today, Northern Star announced that the Supreme Court of Western Australia approved the scheme of arrangement by which the company will acquire all of the shares of Saracen Mineral Holdings Limited (ASX: SAR).
The Saracen Mineral share price also closed relatively flat at $4.89 today on the news, up 0.58%. Saracen has a market capitalisation of $5.5 billion and 1.1 billion shares outstanding. Over the past year, the Saracen share price has gained more than 24%.
What’s next for Saracen and Northern Star?
Saracen is expected to lodge a copy of the court’s orders tomorrow, Wednesday 3 February 2021, with…
-
Noosa News9 hours agoShocking moment Bradley Donald Towle arrested after Bruce Hwy rampage and shooting on Sunshine coast
-
Noosa News16 hours agoMollie O’Callaghan admits to doubts, wins gold at Australian Open Swimming Championships
-
General10 hours agoNSW Police to provide update on Sydney woman’s kidnap from Bankstown home and killing
-
General23 hours agoFounder Schwab quits as World Economic Forum chair