Vale bid for Xstrata withers: accord is unlikely as shares fall 15%, Glencore holds out

Article Abstract:

Due to a drop in stock prices and investor opposition, negotiations for the merger between mining companies Vale do Rio Doce and Xstrata PLC are at a standstill. Article discusses the mergers-and-acquisitions environment in an increasingly-troubled global financial market.

Forecasts, trends, outlooks, Financial management, Forecasts and trends, Acquisitions and mergers, Negotiation, mediation and arbitration, Brazil, Capital market, Capital markets, Market trend/market analysis, Investor relations, Companhia Vale do Rio Doce S.A., Company business forecast/projection, Company forecasts, Industry forecasts

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Australia approves Xstrata's bid for mining firm WMC Resources

Article Abstract:

Mining giant, Xstrata PLC has won government approval for a $6.6 billion acquisition bid for Australia's WMC Resources Ltd. Other international bids are also expected.

Comment:

Mining giant, Xstrata PLC has won government approval for a $6.6 billion acquisition bid for Australia's WMC Resources Ltd. Other international bids are also expected.

Australia, Switzerland, Commodity & service prices, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Prices and rates, Securities industry, Company pricing policy, WMC Resources Ltd., WMR

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