trending Market Intelligence /marketintelligence/en/news-insights/trending/j9aTIqDGNaNcidokq6F1TA2 content esgSubNav
In This List

Saracen closes Bligh Resources takeover

Blog

Post COVID-19: Gold Mining and Production

Blog

Metals & Mining Insights May 2021

Blog

European Energy Insights - May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective


Saracen closes Bligh Resources takeover

Gold miner Saracen Mineral Holdings Ltd.'s takeover bid to acquire all of the shares of Bligh Resources Ltd. closed Aug. 12 with a relevant interest of 95.72%.

The company said Aug. 14 that it will complete the compulsory acquisition process in due course. Saracen shares were down 8.72% by ASX trading close following the announcement.

Saracen made an off-market takeover offer in mid-June to acquire each Bligh share in exchange for 0.0369 of a Saracen share, valuing Bligh at A$38.2 million.