Snapper,Don't know what started the take over talk, But have...

Snapper,

Don't know what started the take over talk, But have just read UBS report about AcrelorMittal's 14.9% stack in Macarthur Coal. UBS's report includes -

" Potential acquirers of Australian iron-ore companies will seek those with access to infrastructure such as port and rail, UBS said. Favored stocks include Fortescue Metals Group Ltd., Mt. Gibson Iron Ltd., Murchison Metals Ltd., Atlas Iron Ltd., BC Iron Ltd. and Brockman Resources Ltd., " Published on the 22nd of May, Could be a good week.