Sinosteel's $1.32 Billion Takeover of Midwest Succeeds

The resource-hungry Chinese company pioneers the first hostile takeover of a foreign company

Sinosteel's strategy to stay the course in its acquisition of Midwest has paid off, resulting in the first ever successful hostile takeover by a Chinese company in Australia. Sell-side adviser Morgan Stanley and buy-side adviser JPMorgan stand to benefit handsomely.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.