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Financial Services, Infrastructure
07/12/2007 - 10:52

Sinosteel proposes $1.19b Midwest takeover

By Jenelle Carter
07/12/2007 - 10:52
Financial Services, Infrastructure
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Chinese steelmaker Sinosteel is proposing a cash takeover offer for iron ore miner Midwest Corporation Ltd that values the target at $5.60 per share, well above Murchison Metals Ltd's floundering scrip offer.

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