Brief: Northern Star Resources Rejects Unsolicited Conditional Non-Binding Indicative Proposal From Gold Fields
BRIEF-Northern Star Resources Rejects Unsolicited Conditional Non-Binding Indicative Proposal From Gold Fields 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
((Reuters.Briefs@thomsonreuters.com;))
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