meinem langweiligen australischen stahlunternehmen hätte ich in 2005 100% zugetraut...
UND NUN??? lassen sich für lächerliche A$ 3,4 aufkaufen von cleveland cliffs einem us-saftladen der nicht mal hier gelistet ist.
die müssen das management geschmiert haben. kann nur hoffen, daß dieser schweinedeal noch platzt!
*mist* :-(
Cleveland Cliffs to enter Asian markets through Portman acquisition - update 2
NEW YORK, January 13 (newratings.com) – US-based Cleveland Cliffs (ticker: CLF) announced on Wednesday that it had launched a $465 million (A$605 million) friendly bid for Australian iron-ore mining company, Portman. The Australian miner’s share price appreciated A$0.48 or 16% to A$3.53 after the announcement. Portman's current reported reserves of iron-ore stand at 94.6 million tons.The all cash offer of A$3.40 per share ($2.59) represents an 11.5% premium to Portman’s Monday closing price of A$3.05. The Australian company’s shares were suspended from trading on Monday due to the pending announcement. The acquisition, expected to be funded through existing cash and an additional $100 million borrowing, would enable the US company to enter the high-growth Asian iron-ore markets. Portman is a leading supplier of fine and lump ore to Asia from its two iron projects in Western Australia and is currently implementing a new project to supply to steel companies in China and Japan. Although, Portman’s board supports the US company’s offer, key investors in the Australian company, including Barclays Capital, are yet to give their approval. Cleveland-Cliffs said it expects the all-cash offer to boost its 2005 earnings per share, with additional benefits in 2006, if the offer is accepted by shareholders
Portman welcomes US bid
US-based iron- ore group Cleveland- Cliffs has not ruled out other Australian acquisitions to boost its presence in the Asia- Pacific region after announcing a $605 million takeover offer for Perth-based Portman. Shares in Portman surged more than 16 per cent to a record high of $3.55 yesterday after Cleveland-Cliffs revealed its $3.40-a-share bid, but the stock surrendered 4¢, or more than 1 per cent, to $3.50, [B]as several analysts ruled out a the prospect of a rival offer