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.
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.
MIS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
