Northern Star waives Echo bid conditions

Northern Star has waived all conditions of its $242.6 million takeover offer for fellow West Australian goldminer Echo Resources.

Already Echo's largest shareholder, Northern Star in August offered 33 cents per share, which represents a 32 per cent premium on its pre-bid closing price.

Northern Star has a 21.99 interest and the Echo board is recommending shareholders accept the offer.

Austrlaian Associated PressBack to Breaking News

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