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Sinosteel ups Midwest stake to 45.6%

CHINESE steel trader Sinosteel has increased its stake in takeover target Midwest Corporation yet again to 45.6% from 43.6%.

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Sinosteel ups Midwest stake to 45.6%

The additional stake was due to further acceptances of Sinosteel’s $A6.38 takeover bid for iron ore aspirant Midwest. The news comes after rival bidder Murchison Metals announced last week that its...

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