Northern Star Resources Rejects Unsolicited Conditional Non-Binding Indicative Proposal From Gold Fields

By Reuters News

Sept 28 (Reuters) - Northern Star Resources Ltd NST.AX:

  • REJECTS UNSOLICITED CONDITIONAL NON-BINDING INDICATIVE PROPOSAL FROM GOLD FIELDS

  • PROPOSAL OFFERED 0.3125 GOLD FIELDS SHARES AND A$7.25 CASH PER NORTHERN STAR SHARE

  • INFORMED GOLD FIELDS ON SEPT 25 IT WOULD NOT ENGAGE FURTHER ON PROPOSAL

  • PROPOSAL IMPLIED A$25.19 PER SHARE AND A$36.1 BILLION EQUITY VALUE BASED ON SEPT 25 PRICES

  • PROPOSAL IMPLIED A$27.00 PER SHARE AND A$38.7 BILLION EQUITY VALUE BASED ON SEPT 11 PRICES

  • REJECTS UNSOLICITED CONDITIONAL NON-BINDING INDICATIVE PROPOSAL FROM GOLD FIELDS

Further company coverage: NST.AX

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