CAPITAL MARKETS

MIM shares under pressure

SHARES in takeover target MIM Holdings were again under pressure today, slipping to as low $1.58 as market doubts mount over the success of the Xstrata takeover bid.

Michael Quinn

MIM shares under pressure

Xstrata needs more than half of MIM's 70,000 shareholders to approve the takeover, pitched at $1.72 a share. ABN Amro was reported in The Australian as being the latest stakeholder to object to the takeover...

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