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.
Extract from FFN News dated 17th June. Speculation is circling...
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Last
$54.78 |
Change
-1.160(2.07%) |
Mkt cap ! $10.76B | |||
| Open | High | Low | Value | Volume |
| $55.80 | $55.83 | $54.55 | $42.30M | 769.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $54.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $54.80 | 388 | 1 |
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| MIN (ASX) Chart |