M&A

Midwest rejects Sinosteel proposal

IRON ore play Midwest Corporation has today rejected Chinese steelmaker Sinosteel's $A1.2 billion takeover proposal, claiming the bid undervalued the company.

MiningNews.Net

Midwest rejects Sinosteel proposal

The Perth-based company said in a statement that it was unable to agree to terms with Sinosteel, after the steelmaker offered an all-cash bid of $5.60 per share for Midwest in December last year. "After...

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