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BC Iron Limited (ASX:BCI) is poised to strengthen its Pilbara iron ore portfolio through the acquisition of Iron Ore Holdings Limited (ASX:IOH).Both companies have agreed to enter a bid implementation agreement under which BC Iron will offer to acquire Iron Ore Holdings through an off-market takeover.The deal will see Iron Ore Holdings shareholders receive 0.44 new BC shares and $0.10 in cash for every Iron Ore Holdings share held. The offer values Iron Ore Holdings at $1.59 per share, who last closed at $0.95 ahead of today’s announcement.Iron Ore Holdings board has unanimously backed the offer and its major shareholder, Australian Capital Equity holds a stake of about 53 per cent, also intends to accept the offer.BC Iron reported a net profit of $70.3 million in the first half of the 2014 financial year.
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $677.8M |
Open | High | Low | Value | Volume |
23.5¢ | 24.0¢ | 23.0¢ | $56.24K | 236.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 1444265 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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23.5¢ | 127807 | 3 |
View Market Depth
No. | Vol. | Price($) |
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15 | 1444265 | 0.230 |
8 | 443611 | 0.225 |
23 | 471057 | 0.220 |
7 | 113511 | 0.215 |
8 | 144444 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.235 | 127807 | 3 |
0.240 | 501539 | 5 |
0.245 | 253906 | 6 |
0.250 | 326469 | 8 |
0.255 | 208430 | 2 |
Last trade - 15.32pm 28/03/2024 (20 minute delay) ? |
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Last
23.5¢ |
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Change
-0.005 ( 2.08 %) |
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Open | High | Low | Volume | ||
24.0¢ | 24.0¢ | 23.0¢ | 266688 | ||
Last updated 15.59pm 28/03/2024 ? |
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