Noble, Posco Drop Bid For Arrium After $1.2B Offer Rejected
By Jake Simpson ( October 31, 2012, 2:09 PM EDT) -- Noble Group Ltd. and Posco Australia Pty Ltd. have dropped their bid to acquire Australian iron ore miner and steel producer Arrium Ltd. after Arrium rejected the companies' sweetened AU$1.2 billion (US$1.24 billion) takeover offer Wednesday....
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