Norton takeover hits Bullabulling roadblock

Norton Gold Fields’ $24m takeover bid for Bullabulling Gold faces shareholder backlash.

Norton Gold Fields’ $24 million takeover bid for Bullabulling Gold remains under pressure after the target company revealed shareholders with 41.8 per cent of its shares had indicated they would not accept the 7c-a-share offer.

The cash offer also remains overbid on the market, with Bullabulling closing yesterday at 7.5c.

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