January 26, 2011News Services After some dramatic twists and turns, the wild takeover saga of Baffinland Iron Mines Corp. appears to be nearing a conclusion.
Joint bidders ArcelorMittal and Nunavut Iron Ore Acquisition Corp. assumed control of Toronto-based Baffinland Tuesday after taking up more than half its shares in their joint $590-million takeover bid.
The two companies said they now have control over 59% of Baffinland shares.sourced: Postmedia News
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