Chinese Investor Plans Meridian Takeover

NineMSN reports that shares in Meridian Minerals (ASX:MII)jumped after a Chinese state-owned entity, revealed plans to takeover.

The market news is quoted as saying,

Meridian said Northwest Nonferrous International Investment Company, a 41.34 per cent shareholder, indicated it could bid 14 cents per share, but no formal price had been offered.

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