Baffinland shares up as investors mull bids

- January 14th, 2011

Reuters.com reports that Baffinland’s (TSE:BIM) shares have risen in the midst of the a bidding war for the company

Reuters.com reports that Baffinland’s (TSX:BIM) shares have risen in the midst of the a bidding war for the company.

The story is quoted as saying:

Baffinland’s share price is hovering around C$1.54, well above both ArcelorMittal’s offer of C$1.40 a share for 100 percent of the company, and Nunavut’s rival C$1.45 a share bid for 60 percent of the company

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