mmk ready to buy fms as soon as...

... lifts injunction

http://www.metalbulletin.com/Article/3013850/Channel/197818/MMK-ready-to-buy-Flinders-as-soon-as-court-lifts-injunction.html

Russian steelmaker Magnitogorsk Iron & Steel Works (MMK) is ready to complete its A$554 million ($575) acquisition of Australian iron ore miner Flinders Mines as soon as the court order blocking the deal is lifted, the company said on Tuesday, April 18.

“We can close the transaction immediately after the injunction is lifted, and we have the necessary financing arrangements in place for that,” MMK’s managing company head of strategic development Dmitry Usanov said on a conference call with analysts. MMK ceo Boris Dubrovskiy said on March 21 the company was in talks about a $600 million credit line, which it planned to use to fund the transaction. MMK and Flinders previously planned to close the deal in April. MMK, which is 86%-controlled by its chairman, Victor Rashnikov, said on April 3 it had..."

That's as far as I can read it, since I don't have a subscription.