The Conversation (0)
- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Top Stocks
Top Resource Stocks
Top Tech Stocks
Top Life Science Stocks
Trending
Trending Articles
Trending Press Releases
Trending Companies
Element79 Gold Corp
ELEM:CC
Brunswick Exploration
BRW:TCM
Sirona Biochem
SBM:CA
Forum Energy Metals
FMC:CA
Trending Reports
Resource
Popular Lists
Investing Ideas
Outlook Reports
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
Investing Guides
Tech
Popular Lists
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
Investing Ideas
Outlook Reports
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
Investing Guides
Life Science
Popular Lists
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
Outlook Reports
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Investing Guides
Baosteel Launches $1 Billion Takeover Bid for Aquila Resources
May. 05, 2014 10:47AM PST
Base Metals Investing Reuters reported today that China’s Baosteel is in the midst of a $1 billion unsolicited takeover bid for Australia’s Aquila Resources (TSX:AQA). According to Reuters, Baosteel already owns a 20 percent interest in Aquila, but is frustrated that the Pilbara project has stagnated.
Reuters reported today that China’s Baosteel is in the midst of a $1 billion unsolicited takeover bid for Australia’s Aquila Resources (TSX:AQA). According to Reuters, Baosteel already owns a 20 percent interest in Aquila, but is frustrated that the Pilbara project has stagnated.
According to the publication:
Monday’s unsolicited A$1.14 billion ($1.06 billion) offer to take over Aquila Resources Ltd could open up a new Australian iron ore export region to supply Asian steelmakers, by jumpstarting the $7 billion West Pilbara Iron Ore project (WPIO), half-owned by Aquila.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.