PMM portman limited

merger

  1. fubahrain
    965 Posts.
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    11/01/05
    14:08
    Post #: 751297
    Portman (PMM.AU) likely to unveil merger/takeover proposal
    tomorrow from U.S.-based iron pellet producer Cleveland-Cliffs Inc., brokers
    say. Bid may value PMM around A$600 million, they add. "We would expect a bid to
    be lodged tomorrow and Cleveland-Cliffs is the most likely bidder," says Rob
    Brierley, analyst at Patersons Securities. PMM on trading halt, last A$3.05.
    PMM Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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