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Arrium spurned billion dollar bid on expectations of iron ore rebound

Marc Howe | October 08, 2012 | 1:44 am Australia Europe Iron Ore 

Aussie iron ore miner and steelmaker Arrium (ASX:ARI) has stated publicly that it spurned a $1 billion takeover bid from a Korean consortium due to expectations of a rebound in iron ore prices. The Australian Financial Review reports that Arrium...

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