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Bloomberg reported Lonmin’s (LSE:LMI) Chief Executive Officer says his company has unfinished business with Xstrata (LSE:XTA) who holds shares in the platinum miner.
Bloomberg reported Lonmin’s (LSE:LMI) Chief Executive Officer says his company has unfinished business with Xstrata (LSE:XTA) who holds shares in the platinum miner.
As quoted in the market news:
Glencore, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata for about 26 billion pounds ($41 billion) in shares in the biggest mining takeover, they said in a joint statement today. Xstrata holds 24.6 percent of Lonmin, with a market value of about 526 million pounds ($832 million), according to data compiled by Bloomberg.