Murchison

But Midwest's board subsequently decided to back a bid by Murchison, structured as a reverse takeover.

Murchison sold a 9. 2 per cent stake in Midwest to Sinosteel for A$135m just over a week ago.

But the board subsequently decided to back a bid by Murchison, structured as a reverse takeover.

Murchison was a shopkeeper and he had many influential friends who always voted for him at every election.

Murchison later admitted defeat after Sinosteel won over Midwest's shareholders with its offer.

Murchison itself tried to forge a merger with Midwest at time of the Sinosteel bid.

The announcement to the Australian Stock Exchange sparked speculation that Sinosteel may seek to take control of Murchison.

Sinosteel was among Chinese investors approached by Murchison and Mitsubishi to contribute equity to the project.

Sinosteel declined to clarify its intentions for Murchison, saying only that its focus remained on securing control of Midwest.

It only sought a minimum 50. 1 per cent stake, enough to protect its joint venture with Midwest from falling into Murchison's hands.

Murchison itself failed in its own attempt to buy Midwest.

Midwest and Murchison, which have held tie-up talks before, hope to develop a new iron ore hub in Western Australia's midwest region.

Murchison Meteorite showing small white chondrules and black matrix.

Another option would be for Sinosteel to bid for Murchison, in which it already owns 2. 4 percent.

However, analysts have suggested the Murchison deal could work to Sino-steel's advantage.

And here's another source of wonder: two pieces of the famous Murchison meteorite, which fell near Murchison, Australia, in 1969.

The government has limited Sinosteel to a maximum 49. 9% stake in a second iron-ore developer, Murchison Metals Ltd.

The panel said it could not use those shares in a vote on the Midwest- Murchison merger while the Sinosteel bid was proceeding.

The famous Murchison meteorite smashed into the Australian ground in 1969.

Murchison's offer valued Midwest at close to A$1. 5bn (US$1. 4bn), compared with the A$1. 36bn offered last month by Sinosteel.

In the Council Election, David fought for a seat that had been held by a man named Murchison for ten years.

Sinosteel's A$6. 38-a-share offer for Midwest could derail Murchison and Midwest's marriage plans if the Chinese group acquires more shares.

Murchison has also built a stake of 10 per cent in Midwest in order to deter to rival bidders.