Business
Why the Northern Star and Saracen Mineral merger is getting closer
The mega merger between gold miners Northern Star Resources Ltd (ASX: NST) and Saracen Mineral Holdings Limited (ASX: SAR) took a step closer today.
This afternoon Saracen provided the market with an update on a shareholder vote at its virtual scheme meeting today.
What was announced?
According to the release, Saracen shareholders have voted overwhelmingly for the deal that will create a top 10 global gold miner and unlock material synergies.
The release advises that 99.95% of Saracen shares and 98.18% of Saracen shareholders that voted at the scheme meeting were cast in favour of the deal.
Saracen’s Managing Director, Raleigh Finlayson, was pleased to see the merger win exceptionally strong support from shareholders.
He…
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