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BARRY FITZGERALD
Stunning day one endorsement for Northern Star-Saracen combo
THERE is a natural inclination to think that in a nil premium scrip merger, one set of shareholders – usually the smaller of the two - is being done over, writes <b>Barry FitzGerald</b>.
Raleigh Finlayson (left) and Stuart Tonkin at the Super Pit in Kalgoorlie
To placate the unhappy, the merging entities point to the re-rating to come from the marriage because of its "compelling" logic, and because it comes with a bagful of synergy benefits to be shared by all....
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