DataRoom AM: Aquila fizzle

Aquila Resources shareholders have a bitter pill to swallow, while UGL reportedly gets a decent price for its property services arm.

The chase for control of Aquila Resources has taken a major twist as Baosteel declared its first bid its final offer. It leaves the prospect of a takeover as a remote possibility.

Elsewhere, UGL is ready to complete the divestment of its property services arm, the sale of David Jones appears to be heading towards a simple conclusion and Coca-Cola Amatil may be ripe for a takeover.

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