Xstrata (XTA) has dropped its $10 billion hostile takeover offer for Lonmin (LMI), or has it? Xstrata’s new investment could be a step toward a cheaper buyout attempt six months from now.
by Stephanie Grimmett
Baltimore — (TFN): Just as predicted, Xstrata (London:XTA) walked away from its hostile bid to buyout Lonmin (London:LMI) today. But [...]
© Stephanie Grimmett for TodaysFinancialNews.com LLC, 2008. |
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Post tags: british takeover panel, buyout, credit, hostile, lmi, lonmin, market, mining, moratorium, platinum, stephanie grimmett, Xstrata, xta
