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Bloomberg reported Xstrata Plc (LSE:XTA) rose to a four-month high as Glencore International Plc (LSE:GLEN) made another offer for the Swiss mining company.
Bloomberg reported Xstrata Plc (LSE:XTA) rose to a four-month high as Glencore International Plc (LSE:GLEN) made another offer for the Swiss mining company.
As quoted in the market news:
Glencore said its offer represents a “substantial premium” for a company with a 34 percent shareholder, referring to its stake in the company, which also produces copper, zinc, nickel and lead from mines in Australia, South Africa,South America and Canada.