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Noble Group Ltd. (NOBGF)

- OTCPK - Current
  • Oct. 31, 2012, 10:26 AM
    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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  • Oct. 1, 2012, 10:29 AM
    Australian iron ore miner and steel maker Arrium (ARRMF.PK) rejects a $1B takeover offer from a consortium led by Noble Group and South Korean steelmaker Posco (PKX), describing it as opportunistic. Shares soared 25% in Singapore on news of the bid, but they're still only half of where they traded in May.
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Country: China