Northern Star completes its takeover of De Grey Mining

Northern Star took ownership of the Hemi gold project in the Pilbara, and De Grey was removed from the ASX the next day. De Grey shareholders had approved the scheme in April with 99.64% of votes cast.

Why it matters. A scheme of arrangement transfers 100% of the target once the vote and the court order are in place, with no minority left behind.

Source

Mining Weekly

In the course

Module 9: The M&A process