ASX opens flat, Aussie gold miners in $16b merger

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ASX opens flat, Aussie gold miners in $16b merger
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Victoria has recorded 15 new cases of COVID-19 in the past 24 hours, and one death - according to data just released by the Victorian Health Department.The number of mystery cases over the past two weeks is still 13, unchanged since Sunday.Northern Star Resources and Saracen Mineral Holdings are set to merge and create a $16 billion, top 10 global gold miner.

Saracen shareholders will receive 0.3763 Northern Star shares for each Saracen share held on the record date. The firms said the scheme will create a top-10 global major gold producer, with high-margin assets located exclusively in Tier-1 jurisdictions. Law firm Johnson Winter and Slattery alleged the insurer engaged in misleading and deceptive conduct at its Swann Insurance offshoot for selling additional insurance products that were expensive and poor value.Add-on insurance products refer to the type of cover sold through motor dealers covering things like tyre and rim insurance, consumer credit insurance and loan protection.

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