"MAGNITOGORSK, Russia, March 21 (Reuters) - Magnitogorsk Iron & Steel Works, Russia's third largest steelmaker, is in talks with lenders to obtain a $600 million credit facility"
Looks like MMKS still yet have the money to buy FMS, can't see anywhere it says they have the loan. My guess is that they still want FMS, just a matter getting the money from the banks. Once (if) they get the finance, the deal will be going ahead. The market is still not sure that's why the share price is at 25c, the market still gives MMK/FMS deal 50% of going through... that's my thought only of course. DYOR.
Cheers
Frank
flinders mines takeover blocked, page-94
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 10000 | 1 |
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