http://www.reuters.com/article/idUSTOE70J07U20110120
Jan 20 (Reuters) - Hong Kong-based Regent Pacific (0575.HK) said it was bidding around $267 million for Australian miner BC Iron (BCI.AX).
Regent Pacific said on Thursday the transaction would be subject to obtaining foreign investment approval from the Australian Federal Treasurer.
Shares in both companies had been suspended on Wednesday on speculation Regent would make a $300 million takeover bid for the iron ore miner. [ID:nL3E7CJ027]
Regent Pacific owns a 19.9 percent stake in BC Iron, according to Thomson Reuters data. Australian miner Consolidated Minerals is the biggest shareholder with a 21 percent stake. (Reporting by Farah Master; Editing by Dan Lalor)
hope this is wrong!
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Last
24.5¢ |
Change
-0.010(3.92%) |
Mkt cap ! $706.7M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 24.3¢ | $62.58K | 253.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 260 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 164511 | 3 |
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