SAR saracen mineral holdings limited

It's early and I havent had coffee but i am seeing a premium...

  1. 569 Posts.
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    It's early and I havent had coffee but i am seeing a premium here??

    "Saracen shareholders to receive 0.3763 new fully paid ordinary shares in Northern Star for each Saracen share held"

    What am I missing..........
 
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Currently unlisted public company.

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