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Monday, April 2, 2012

Stock Alert - Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play- 4/2/12

Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play, and suggesting BHP and Rio Tinto (RIO) as possible buyers. One hedge fund manager (long the stock?) suggests the firm could fetch $60/share against the Friday close of $33.83. Shares +3% premarket

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