Northern Star–De Grey $5bn transaction approved - Australian Mining

Goodbye old friend: De Grey to go black on ASX with Northern Star takeover now live

De Grey Mining (ASX:DEG) has today stepped down before the footlamps into a night without name as Northern Star’s (ASX:NST) takeover scheme goes live. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. What that means is DEG shares will no longer trade on the ASX as of Wednesday, April 23, bringing to a close a relatively exciting era in materi…

Northern Star–De Grey $5bn transaction approved - Australian Mining

The Hemi gold project in WA. Image: De Grey MiningThe Federal Court of Australia has approved Northern Star Resources’ $5 billion acquisition of De Grey Mining under the Corporations Act 2001. De Grey now intends to lodge a copy of the court orders with the Australian Securities and Investments Commission, at which point the scheme will become legally effective. If this occurs, De Grey shares will be suspended from trading on the ASX at the clos…