I can't see FMG being taken over by a Chinese entity. There is little transparency with these and they often are a front for the Chinese government. It would simply not be in Australia's interest for a major iron producer to be taken over by the Chinese and the Australian govt would not allow it.
On the other hand, I could see Xstrata wanting to add iron ore to their portfolio or Anglo America expanding it. It would not be out of the question for one of them to take over FMG. Especially now that the development risk is out of the project and it is operating smoothly.
Everything is for sale at a price. Remember Kerry Harmanis had no interest to sell JBM but when Xstrata offered $25 a share it was too good to refuse.
I'm sure Andrew Forrest will sell at the right price. It would give him the opportunity to work on another challenge.
fate of fortescue, page-18
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| Open | High | Low | Value | Volume |
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