11
Feb
08:40
Australia blocks Flinders Mines delisting
Australia’s Flinders Mines had hoped to delist, with New Zealand’s Todd Corporation stepping in to support its Pilbara Iron Ore Project. The Takeover Panel of the Australian Securities Exchange has said the plan is unacceptable, however, Kallanish notes.
The plan involved going private through a purchase of shares funded by a loan from Todd Corporation, which already owns 55.6% of Flinders. The loan would then be repaid through a non-renoun…
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Anonymous
Very good overview of the weekly steel market.
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