The Takeovers Panel approved the $2.4 billion proposed merger of Westgold Resources and Karora Resources, dismissing protests from Ramelius Resources (ASX:RMS).

Ramelius Resources had challenged the deal, citing concerns over a break fee and synergy claims, but the Panel found no issues with these aspects.

The decision paves the way for Westgold's acquisition of Karora, scheduled for finalisation by July 31.