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Gold miner Northern Star buying Saracen for $4.1 billion
From Reuters
Monday, October 5, 2020
Australian gold miner Northern Star Resources has offered to buy smaller peer Saracen Mineral Holdings in a A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by value.
In a joint statement, the boards of the companies recommended shareholders vote in favour of the proposal, in the absence of a superior offer.
... Dispatch continues below ...
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Under the proposal, Saracen shareholders would receive 0.3763 new fully paid ordinary shares in Northern Star for each share held and a special dividend of 3.8 Australian cents per share.
The deal comes after each of the companies acquired a 50% stake each in the Super Pit gold mine in Western Australia, the country's largest open cut gold mine. ...
... For the remainder of the report:
https://www.reuters.com/article/us-saracen-mineral-m-a-northern-star/aus...
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