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Aussie Miner Arrium Spurns $1B Offer From Noble, Posco

By Kelly Rizzetta (October 1, 2012, 3:16 PM EDT) -- Australian miner and steel producer Arrium Ltd. on Monday rejected an AU$1.01 billion (US$1.04 billion) buyout offer from an Asian consortium led by the Noble Group and Posco, writing it off as an "opportunistic" bid that undervalues the target....

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