M&A

Sinosteel lays out bid for Midwest

MIDWEST Corporation today confirmed it has received an all-cash $A5.60 per share takeover offer from China's Sinosteel Corporation, ending market speculation about any potential counter-bids.

MiningNews.Net
Sinosteel lays out bid for Midwest

Based on Midwest's current shares on issue, Sinosteel's offer is worth $1.2 billion. Midwest said the offer was incomplete, non-binding, and subject to due diligence and a number of other conditions....

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