Sounds as though Sinosteel has FIRB approval for its Midwest bid, wonder how long until we see an official bid?? Major shareholder holding out for more than $5.60......I'll take $5.60 right now thanks.
http://www.miningnews.net/storyview.asp?storyid=123919
SINOSTEEL's $A1.2 billion bid for Midwest Corporation has reportedly been blocked by a major shareholder in the takeover target, while the Foreign Investment Review Board (FIRB) is believed to have given its tick of approval to the Chinese steelmaker's proposed offer.
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MIS
midwest corporation limited