afr articles on takeover

Two articles have just been written in the AFR on the WDR takeover. I'll link tem both, but the first should be in today's hard copy AFR, and the 2nd on tomorrow's AFR (or take a free trial to the AFR electronic version):

http://www.afr.com/p/western_desert_may_have_factor_3i1xT7b2JEfkIy0cARCiWM

"Western Desert may have X factor"

It says XStrata could have a tilt at WDR, but Xstrata has long been rumoured to take over all manner of companies, and usually hasn't.

http://www.afr.com/p/opinion/patersons_likes_meijin_bid_for_western_5vf4sMURk5zzNFtQcYcfII

Patersons likes Meijin bid for Western Desert

This article says short-term holders could take profits in what has been a difficult market for iron ore, or longer-term holders (until 31 March 2013) could wait and see if there is a potential counter-offer. They say that the offer leaves WDR at close to an all-time high.

"Meijin, which is owned by billionaire Yao Junliang, is China’s largest private coke producer. It is already progressing plans to develop a multibillion-dollar thermal coalmine in Queensland’s Galilee Basin."

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