Xstrata Attempts To Woo Back Shareholders

Financial Post reported with Glencore’s (LSE:GLEN) takeover bid of Xstrata (LSE:XST) is likely to fail, leaving Xstrata to woo back shareholders.

As quoted in the market news:

Chief Executive Davis aims to steer the fourth-largest diversified miner from its acquisition-fuelled first decade into a phase of organic, or self-generated, growth, which the miner hopes will boost volumes by 50% by the end of 2014 and cut average operating costs by a fifth.

Click here to read the full Financial Post report.