news today Cleveland have reached the 90% level for compulsory acquisition of remaining Portman Limited shares.
Will they:
a) purchase shares on market to bring Cleveland to the 19.99% level.
b) make a takeover offer for GWR
c) make a partial stake or complete takeover of FAS, which owns 20% of GWR.
d) sell stake in GWR
e) just sit on their 18% stake for a while until market direction can be known.
The Australian reported back in May that Portman/Cl-Cl may be looking to sure up a 30% stake in GWR. This was rejected by both GWR and PMM at the time.
will cleveland cliffs be coming after us
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