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Australian regulator halts Regent Pacific’s attempt to drop BC Iron bid

Mineweb | April 6, 2011 | 8:46 am Australia China Iron Ore

Hong Kong-based Regent Pacific Group Ltd said it would consider reinstating debt funding for its original bid for Australian iron ore producer BC Iron Ltd.

This move follows a decision by Australia’s Takeovers Panel declaring a case of “unacceptable circumstances” for Regent’s “purported termination” of its takeover scheme with BC Iron.