Northern Star Resources Stock News
A$23.36
0.49%
Australia, Sep 29, 12:11 pm AEST.
Market open.
Northern Star Resources Stock News
Shares in Northern Star Resources Ltd (ASX:NST) surged nearly 11% to $24.46 after the gold producer rejected what it described as a “highly opportunistic” takeover approach from South Africa's Gold Fields. Northern Star said it received and rejected the indicative proposal on September 14, arguing the offer materially undervalued the company and failed to reflect the fundamental value of its as...
Gold Fields' proposal initially valued Northern Star at A$38.7 billion, representing a 22% premium to its Sept. 11 closing price.
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