Why? Here's the best summary from crikey.com:
Market update:
Main Story: Oz Minerals opened at 71c this morning (up from 55c) after China Minmetals bid 82.5c p/s cash in a $4bn deal to buyout the company and pay out debt - now trading at 69c up 14c. The rather unimpressive price is presumably a reflection of the unlikelihood of another bid, the fact you won't get your money until June and the chances that the government will have to something to say about the Chinese gaining 100% ownership of an Australian listed company. The acceptance of the bid by the OZL board is a clear sign the OZL board were having trouble meeting debt repayments.
Why? Here's the best summary from crikey.com:Market update:Main...
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