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Northern Star: Completes merger with Saracen

  • Northern Star Resources (NST) and Saracen Mineral Holdings (SAR) have merged after implementing their scheme of arrangement
  • All Saracen shares have now transferred to Northern Star
  • Saracen shareholders have also received 0.3763 of a Northern Star share for every previously held Saracen share
  • Northern Star has appointed four Saracen Directors to the company’s Board, with immediate effect
  • Saracen has applied to delist from the ASX, which should take effect on February 15
  • Northern Star Resources is down 2.11 per cent and trading at $12.04 per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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