Xstrata drops Lonmin offer, then stocks up

The same day that it dropped a hostile US$10-billion bid for Lonmin (LNMIF-O, LMI-l),Xstrata (XSRAF-O, XTA-l) increased its stake in the platinum miner to nearly 25% -- buying 22.2 million shares at a bargain price of 19.79 apiece.Xstrata had proposed...

By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close