The offer price represents a 35% premium to the last traded price of Midwest on March 13 and an 80% premium to the volume-weighted average price for the one-month period prior to the bid for Midwest by Murchison Metals. Export-Import Bank of China will be providing the debt to fund SinosteelÆs offer.
Significantly, SinosteelÆs offer is not subject to customary due diligence....
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