Sinosteel Has No Intention Of Accepting Sinosteel'S Takeover Bid.
Business daily news yesterday, there is news that the United States Harbinger
fund
Continue to increase central and Western Holdings
company
Share to 12.53% to counter Sinosteel's full acquisition of Midwest Corp.
According to the disclosure, the fund further indicated that it did not intend to accept CIC's current bid of 6.38 Australian dollars per share.
The acquisition of Sinosteel has aroused widespread concern in the industry. Sinosteel hopes to promote China's iron and steel industry through its control over Australian iron ore enterprises.
industry
Rapid development.
Faced with the rise in the price of iron ore up to 96.5% a day, Sinosteel began to buy Midwest Corp at a high price, because the acquisition could protect the domestic iron ore supply demand and meet the long-term strategic needs of the steel industry.
According to relevant Australian laws, if Sinosteel obtains more than 90% of Midwest Corp shares, it needs to make a compulsory acquisition of the few remaining shares.
But at the moment, the possibility of such a situation is getting smaller.
Harbinger fund is also one of Murchison Metal Limited shareholders, holding 19.98% of the latter.
He is the competitor of Sinosteel to acquire Midwest Corp.
Because of the opposition from China steel, he announced in July 7th that it would abandon the company's merger plan with Midwest Corp.
When he gave up the acquisition plan, Murchison said he would not sell his 9.98% Midwest Corp shares to Sinosteel.
In July 14th, the Harbinger fund further increased its stake to 10.53% and then increased to 12.53%.
相关新闻
Chinese enterprises failed to acquire Australian mineral company
Daily News (reporter Fu Kai) yesterday, Shenzhen City
CICC south of the Five Ridges
(000060, stock bar) nonferrous metals Limited by Share Ltd (hereinafter referred to as "CICC south of the Five Ridges") announced that it failed to jointly acquire Australia's Herald Resources Ltd (hereinafter referred to as "pioneer company") stake with Indonesia's tower company.
China gold south of the Five Ridges's acquisition of Australian pioneers began in January this year, with a strong competition in the acquisition process.
The offer price rose from 2.5 Australian dollars / share to 2.85 Australian dollars / share. Finally, the company announced its abandonment.
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