Aquila chairman now spoiled for choice

The Aquila chairman Tony Poli may be spoiled for choice with Mineral Resources swooping on a 12 per cent stake.

Aquila chairman Tony Poli may now be spoiled for choice of his empire with Mineral Resources swooping on 12 per cent of his company this morning at a big premium to the Baosteel bid on the table.

Citibank reportedly crossed 49 million Aquila shares at $3.75 a share, or well above the $3.40 a share offer from Baosteel and Aurizon.

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