Baosteel, Aurizon bid $1.4 bn for Aquila takeover
Momentum is fast building around Baosteel and Aurizon’s joint $1.42 billion takeover offer for Perth junior Aquila Resources, but major shareholder Tony Poli is shaping as the wild card that could force a higher bid.
Momentum is fast building around Baosteel and Aurizon ’s joint $1.42 billion takeover offer for Perth junior Aquila Resources , but major shareholder Tony Poli is shaping up as the wild card that could force a higher bid.
The all-cash unsolicited offer of $3.40 a share might need to be improved to convince Mr Poli to let go of his 28.9 per cent holding.
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