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Glencore offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal". It is the biggest mining takeover ever, and after approval would create an entity with 2012 sales of US$209 billion. [ 48 ]
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. [2] It was a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. [2]
Xstrata (ISE: XTA.L) advanced 34 pence, or 3%, to 1,047 pence in early trade this morning after Glencore (ISE: GLEN.L) confirmed it had raised its offer for the miner to 3.05 shares.
LONDON -- The FTSE 100 perked up a bit yesterday to end the day on 6,558 points, but it has turned tail again today to fall 95 points, or 1.44%, to 6,464 by 9:30 a.m. EDT. Despite the apparent ...
LONDON -- Anglo-Swiss miner Xstrata (ISE: XTA.L) released its interim results this morning. The 27 billion pound firm, which is the subject of a "merger of equals" bid from fellow FTSE 100 group ...
LONDON -- Shares of Glencore International gained 5 pence to 375 pence and the shares of Xstrata gained 20 pence to 1,120 pence during early London trading this morning despite both companies ...
Swiss Xstrata, already 19.9% owner of Falconbridge, bid for a complete acquisition, while Teck Cominco of Vancouver set its sights on Inco. [5] On 13 May 2006, Inco announced that it increased its offer to acquire Falconbridge by $5.00 CAD per share, bringing the bid to $61.04 CAD per share (based on 23 June 2006 Inco/Phelps Dodge share price). [5]
LONDON -- Xstrata (ISE: XTA.L) rallied 15 pence, or 2%, to 972 pence in early London trading this morning after the FTSE 100 (UKX) miner confirmed the terms of a merger with commodities trader ...