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MMK still committed to bid: Flinders

RUSSIA-based Magnitogorsk Iron and Steel Works says its proposed $A554 million takeover of Flinders Mines is still on the cards despite a minority shareholder in the would-be suitor blocking the bid.

MiningNews.Net
MMK still committed to bid: Flinders

A minority shareholder recently won the right to block the bid in the Chelyabinsk arbitration court. The injunction restricts MMK from implementing its directors’ resolutions regarding the acquisition...

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