"12 years ago" is this thread but best I do not start a new thread called "Takeover"
Today's The Australian...
Glencore considered Fortescue takeover in 2016, but Forrest wasn’t keen
Ivan Glasenberg, chief executive of Glencore International. Picture: Bloomberg
Ivan Glasenberg, chief executive of Glencore International. Picture: Bloomberg
Mining giant Glencore weighed up a takeover deal for billionaire Andrew Forrest’s Fortescue Metals Group as it considered pursuing a “big bang” acquisition to gain exposure to iron ore.
The $61bn Anglo-Swiss miner and commodities trader is understood to have held internal discussions over a possible approach for Australia’s third-largest iron ore producer as prices for the metal plunged in 2016, potentially creating an opportunity for a deal.
etc etc
They can have my share of FMS and Todd could do well to sell the infrastructure project!
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