Gold takeover tensions rise as shareholders call for better offers

NORTHERN Star Resources’ bid for Echo Resources could face some competition, while Egan Street Resources shareholders look to be increasingly opposed to a buy-out from Silver Lake Resources.

Gold takeover tensions rise as shareholders call for better offers Gold takeover tensions rise as shareholders call for better offers Gold takeover tensions rise as shareholders call for better offers Gold takeover tensions rise as shareholders call for better offers Gold takeover tensions rise as shareholders call for better offers

Datt Capital says Northern Star's offer for Echo doesn't recognise the strategic value of the Bronzewing plant

Northern Star's A$193 million friendly offer for Echo, made last Tuesday morning, represented a 42.1% premium to Echo's 10-day volume-weighted average price.

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