Aquila chooses Baosteel over MinRes

IN AN extraordinary turn of events, Aquila Resources has rejected a $A3.75 per share scrip takeover bid from new shareholder Mineral Resources in favour of the original $3.40 cash bid from Baosteel Resources and Aurizon Holdings.

Aquila chooses Baosteel over MinRes Aquila chooses Baosteel over MinRes Aquila chooses Baosteel over MinRes Aquila chooses Baosteel over MinRes Aquila chooses Baosteel over MinRes

Aquila confirmed that it received a proposal from MinRes on Monday, when the two companies entered trading halts, and discussions were held.

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