jp morgan announce take over target, page-3

From Www.businessspectator.com.au

It would have to be a big player offering big dollars for a full takeover to be successful

Broker JPMorgan has added Sundance Resources to its top takeover targets list, after Sundance's chief was quoted saying that five Chinese companies were interested in becoming strategic partners in its iron ore project in Africa.

Sundance could become a target for major miners like Rio Tinto, Vale and Xstrata, as well as Chinese companies, JPMorgan executive director specialist sales Sujit Dey said in a note.