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Noble Group (NOBGF.PK, NOBGY.PK) and Posco (PKX) drop their $1.2B takeover bid for Australia's...

Noble Group (NOBGF.PK, NOBGY.PK) and Posco (PKX) drop their $1.2B takeover bid for Australia's Arrium, balking at paying more after the company's board rejected a sweetened offer. With iron ore prices recovering from three-year lows, analysts say it is in Arrium's interest to stall.
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