Murchison launches Midwest bid

Murchison launches Midwest bid

26.05.2008

MURCHISON Metals has launched a merger offer for Midwest Corporation, which is already the target of a $1.37 billion takeover bid from Chinese steel maker Sinosteel Corporation.

In a statement to the stock exchange, Midwest said the merger proposal aimed to create a dominant iron ore producer in the mid-west region of Western Australia.
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