Corporate watchdog puts bite on Andrew Forrest's Poseidon Nickel play
Brad ThompsonReporter
Updated
The corporate watchdog has taken the highly unusual step of referring a capital raising to the Takeover Panel in a move that threatens to derail Andrew Forrest's plan to boost his stake in Poseidon Nickel.
The Australian Securities and Investment Commission is concerned Poseidon Nickel's $69 million capital raising could unfairly give control to Mr Forrest's Squadron Resources.
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