Mitsubishi in $4.7M deal for Baffinland stake
Nov 30, 2005 | 07:53 AM
| Maria Guzzo
Mitsubishi Corp. has signed a memorandum of understanding to acquire a 7.2-percent stake in Toronto-based iron ore producer Baffinland Iron Mines Corp.In a private placement, Mitsubishi will purchase 2.75 million Baffinland common shares for Canadian $5.5 million ($4.7 million), or C$2 ($1.71) per share. The deal, which is scheduled to be completed by Dec. 31, will give Mitsubishi certain Asian....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.