Extract from FFN News dated 17th June.
Speculation is circling iron ore developer Mineral Resources Limited (ASX:MIN) could be preparing to lob a takeover bid for Aquila Resources Limited (ASX:AQA). Both companies entered into a trading halt yesterday pending the details of a potentially material corporate transaction. Only last week Mineral Resources bought a 12.78 per cent stake in Aquila after which Aquila’s suitors said their bid is final. Chinese giant Baosteel and coal haulage company Aurizon Holdings Limited (ASX:AZJ) launched a $1.4 billion takeover bid for Aquila in May and say the offer will close on July 11. Mineral Resources last traded at $9.55 before entering into a trading halt yesterday.
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4 | 180 | 52.910 |
7 | 591 | 52.900 |
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Price($) | Vol. | No. |
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