DataRoom AM: Lowy tough talk

Frank Lowy has come out swinging after shareholders unravelled his plans for Westfield’s restructure, while Baosteel clears a hurdle in its Aquila takeover bid.

All eyes are on Westfield this morning, after a minority of Westfield Retail Trust shareholders brought the controlling Lowy family to its knees -- though nobody is claiming victory yet.

Elsewhere, Baosteel and Aurizon are one step closer to buying Aquila, Mantra finally prices its IPO, and is Wesfarmers looking at Optus?

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