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 Barry FitzGerald.

Stunning day one endorsement for Northern Star-Saracen combo Stunning day one endorsement for Northern Star-Saracen combo Stunning day one endorsement for Northern Star-Saracen combo Stunning day one endorsement for Northern Star-Saracen combo Stunning day one endorsement for Northern Star-Saracen combo

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