CHINA’S Sinosteel has all but won control of iron ore miner Midwest after four of the takeover target’s directors agreed to sell their shares.

Midwest chairman Jesse Taylor and directors Francis Ng, Steven Chong and Stephen de Belle said they would accept the $6.38 cash a share offer from Sinosteel for their collective 4.1 per cent holding in the company.

This will give Sinosteel, China’s second largest iron ore trader, a 49.68 per cent stake in Midwest.

The Chinese metals trader was also rumoured to have bought an additional 1 per cent of Midwest on market, taking it close to controlling more than 50 per cent of the company.

However, a compulsory takeover may still be a battle with Murchison Metals vowing to hang on to its 10 per cent stake in Midwest.

Murchison’s largest shareholder – Harbinger Capital Partners – also holds 9.11 per cent of Midwest’s share register, while two Midwest directors remain

Three weeks ago, one of my recommended companies announced it was being acquired — at a nice premium — by Mars (with help from Warren Buffett).

Now, another of my favorite consumer staples is reportedly up for grabs, too!

I’m talking about Anheuser-Busch (BUD), which I first recommended in the exact same report that profiled Wrigley.

Last Friday, the Financial Times reported that InBev SA, the giant Belgian brewer, is working on a $46-billion takeover bid for BUD.

The shares rose to a new all-time high of $58 shortly after the news hit the wires. So if you already own BUD stock, you might want to crack open a cold one and celebrate!

And even if you don’t yet own the stock, a $46-billion buyout implies an acquisition price of $65 …