Aquila's Bass to accept Aurizon, Baosteel bid

Target's co-founder and minority shareholder set to accept offer next month.

Aquila Resources (AQA) co-founder Charles Bass says he intends to accept a $3.40 per share takeover offer from Aurizon Holdings and China's Baosteel, in the absence of a superior offer.

Mr Bass holds a relevant interest in approximately 10.7% of Aquila's shares and expects to complete his acceptance by the end of the first week of July but reserves the right to revisit this.

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