BC Iron Shares Rise After Regent Pacific Takeover Bid

Bloomberg.com reports that shares in BC Iron (ASX:BCI) rose on news that Regent Pacific (PINK:RPGLF) has taken them over.

The story is quoted as saying:

Regent Pacific is seeking to add iron-ore production as the commodity’s spot price jumped to a nine-month high. Steel consumption may jump 5.3 percent to a record this year, according to forecasts from the World Steel Association.

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