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Northern Star Resources to Acquire De Grey Mining

Story Highlights
  • Northern Star Resources plans to acquire De Grey Mining through a Court-approved scheme.
  • De Grey Mining directors recommend shareholders approve the acquisition, enhancing Northern Star’s portfolio.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Northern Star Resources to Acquire De Grey Mining

The latest update is out from Northern Star Resources Ltd ( (AU:NST) ).

Northern Star Resources Ltd, a company involved in the acquisition of mining shares, is set to acquire 100% of De Grey Mining Ltd through a Court-approved scheme of arrangement. De Grey Mining has dispatched the Scheme Booklet to its shareholders, detailing the proposed acquisition and the upcoming Scheme Meeting scheduled for April 16, 2025. The directors of De Grey recommend shareholders vote in favor of the acquisition, pending no superior proposals. The completion of this acquisition could significantly impact Northern Star’s market position by expanding its mining portfolio.

More about Northern Star Resources Ltd

YTD Price Performance: 13.99%

Average Trading Volume: 2,741

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $12.95B

Find detailed analytics on NST stock on TipRanks’ Stock Analysis page.

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