Summary
ATTEMPTS by mining giant Xstrata to join forces with Anglo American in the creation of a new mining super-major have ended in failure.
Xstrata had sought an all-share tie-up with Anglo in a deal which would have created a combined business with a market value of pounds 60bn. Anglo rejected an initial approach in June and Xstrata said that while it will now not make an offer, it believes the rationale for a deal is "undiminished".See the full content of this document
Extract
Mining Merger Fails
The announcement was made ah...
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