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Hedge fund Harbinger Raises Stake in Midwest

West Palm Beach (HedgeCo.net)- US hedge fund Harbinger has increased its stake in Australian iron ore miner Midwest Corp. Ltd. to 12.53%, an effort to block Chinese iron ore trader Sinosteel Corporation’s takeover of the latter.
Harbinger, a major shareholder of Murchison Metals Ltd., increased its stake in Midwest to 10.53% on July 14 and 12.53% […]

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