Baffinland Iron Mines (BIM.TO) said a special board panel was reviewing Nunavut Iron Ore's latest amended offer worth C$570 million for the company, and will respond in due course. Nunavut Iron Ore and global steel giant ArcelorMittal (ISPA.AS), engaged in a bidding war for Baffinland since September, extended the deadlines on their competing bids on Monday. Nunavut Iron Ore said it was sweetening its offer, adding one exchange right per common share to a bid worth C$1.45 a share in cash for 60 percent of Baffinland and extended its offer to Jan. 25. [ID:nN12216543] Arcelor's bid stands at C$1.40 a share for the entire company, or some $550 million, and its offer expires on Jan. 21. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Unnikrishnan Nair)
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