AFR Street Talk

From the Motley Fool

https://www.********.au/2014/09/01/...ow-about-the-australian-sharemarket-today-14/

Pilbara iron ore miner Atlas Iron Limited (ASX: AGO) has been pointed out as a possible takeover target. The AFR suggests several suitors are circling the miner, which is likely to be close to breakeven or losing money with the iron ore price below US$90 a tonne.The interesting question is; who are the suitors? Are the big miners,Rio Tinto Limited (ASX: RIO), Fortescue Metals Group Limited (ASX: FMG) orBHP Billiton Limited (ASX: BHP) running their eye over Atlas, or could it be Mount Gibson Iron Limited (ASX: MGX) with its huge cash balance?

The reality is that we only need one suitor to make a formal offer so that a data room can be opened for all the players to have a closer look at the books. Then the For Sale sign will well and truly be put up.