OneSteel makes cheeky bid for Steel & Tube

03 Oct 2008 08:02Share Investor
Crikey mate! They are at it again.

Those cheapskate Aussies are trying to steal (pun intended) Steel and Tube [NZX:STU] off shareholders for the measly price of NZ$4 a share.

OneSteel has today launched a bid for the 49.73% of Steel and Tube they don't already own.

It has shades of the Contact Energy takeover bid last year about it when Origin Energy attempted to buy the approximately half of Contact they didn't already own...

Article continued @ Share Investor Blog
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