🟢 Northern Star Resources is trading 6% up today after rejecting Gold Fields’ A$38.7 billion bid

Northern Star Resources is trading at A$23.47, up 6.15%, after its board unanimously rejected Gold Fields’ unsolicited A$38.7 billion takeover proposal, saying it undervalued the company.

• Reuters and CNBC reported the takeover news alongside the share-price gain, making it the company-specific catalyst for the September 28 move.
• The share price finished below the offer’s implied value and its early-session peak.