Mergers and acquisitions (M & A)Pareto regards NAU as a takeover candidate. I don’t. But who knows. I thought Consolidated Thompson would remain an independent iron ore producer. It looks like I was wrong as Cliffs today announced it will buy Consolidated for CAD 17.25 per share.
From Pareto January 4, 2011:
Furthermore, there has been an uptick in M&A activity in the mining industry. With the development of Kaunisvaara underway, Northland arises as a clear takeover candidate in our view. The company has geographic focus in an area with limited political risk, a high quality product, an open shareholder structure and ample growth opportunities through Hannukainen and exploration.