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Australian gold takeover tensions rise

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.

Kristie Batten
Datt Capital says Northern Star's offer for Echo Resources doesn't recognise the strategic value of the Bronzewing plant in Western Australia

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

Northern Star's A$193 million friendly offer for Echo, made last week, represented a 42.1% premium to Echo's 10-day volume-weighted average price. On Friday, Hong Kong's Maso Capital Investments and...

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