looks like CSFB were on the money buying up 10% above the bid price.
cleveland cliffs will have to stump up at least $3.80 to get their bid over the line now.
iron ore price jump the other day was very welcome. cleveland must be dark though.
well done those who held on. interesting to see whether cleveland cliffs goes in with a higher offer immediately which Portman Board accept or the Portman Board pluck up the courage to seek out higher bidders.
they caved in last time.
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