CAPITAL MARKETS

FIRB okays bid for Aquila

THE Foreign Investment Review Board has approved a takeover bid by Baosteel Resources Australia and Aurizon Operations for Aquila Resources at $A3.40 per share.

Justin Niessner
FIRB okays bid for Aquila

Baosteel and Aurizon both received notification today that there were no objections to the proposed acquisition, which now remains subject only to a 50% minimum acceptance condition and customary conditions...

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