🟢 Northern Star Resources is trading 8% up today after Gold Fields cancelled its takeover proposal

Northern Star Resources is trading 7.77% higher at A$25.10, with coverage linking the move to Gold Fields’ cancellation of its takeover proposal.

• Gold Fields cancelled its unsolicited A$38.5 billion proposal after Northern Star’s board unanimously rejected it as inadequate.
• The latest ASX announcement found was Northern Star’s September 28 response; search results showed no newer company announcement explaining the September 30 move.