Sinosteel wins control of Midwest Corp. in first successful hostile bid by a Chinese company
Posted by Editor on July 10, 2008 at 07:15 AM
The Wall Street Journal reports that, “China’s Sinosteel Corp. won control of Australian mining concern Midwest Corp. by securing over 50% shareholding in the firm, according to people familiar with the situation, marking the first successful hostile bid by a Chinese company.”
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