Currently viewing Global edition

Northern Star to use cash to buy Echo

Northern Star Resources will pay A$193 million in cash to acquire the 78.3% of Echo Resources it doesn’t already own.

Northern Star to use cash to buy Echo Northern Star to use cash to buy Echo Northern Star to use cash to buy Echo Northern Star to use cash to buy Echo Northern Star to use cash to buy Echo

Northern Star Resources executive chairman Bill Beament

The board of Echo is backing the 33c per share deal, which represents a 39.4% premium to Echo's last price and a 42.1% premium to the 10-day volume-weighted average price.