Xstrata makes new bid for Australia WMC
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Swiss-based miner Xstrata says it will take its A$7.4 billion (3.1 billion pound) bid for Australia&#39;s WMC Resources directly to the company&#39;s shareholders, effectively making a hostile bid after WMC&#39;s management rejected its offer
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Australian nickel and copper miner WMC Resources rejected aA$7,4bn takeover bid from Xstrata, but left the door open for a higher offer, which sent its shares soaring.
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Australia's competition body says it would not oppose Swiss mining giant Xstrata's proposed take-over of Australian rival WMC Resources.
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Anglo-Swiss miner Xstrata Plc  on  Monday offered A$3.1 billion ($2.8 billion) for Australian  nickel miner Jubilee Mines NL , seeking to consolidate  its position as a global nickel producer.
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Swiss-based Xstrata  on Friday  raised its cash offer for Australian coal miner Resource  Pacific Ltd  by 12 percent to A$1.08 billion ($964  million) and declared it final.
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SYDNEY Xstrata, the world&#39;s biggest exporter of power-station coal, offered 7.4 billion Australian dollars, or $5.5 billion, for WMC Resources on Thursday to add nickel and copper mines to its portfolio.
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SYDNEY: Directors of Australian mining giant WMC Resources Ltd. have rejected a renewed A$7.4b (US$5.7b) takeover offer from British-Swiss Xstrata Plc.
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SYDNEY (Dow Jones)--Swiis mining group Xstrata PLC (XTA.LN) said Tuesday it is willing to consider listing on the Australian Stock Exchange if its bid for WMC Resources Ltd.
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Coles Myer has branded the new Woolworths bid offered for Australian Leisure &amp; Hospitality Group as unacceptable. Coles Myer, which has teamed up with Macquarie Bank through joint venture vehicle CMM Hotel
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SYDNEY  - British-Swiss resources group Xstrata has relaunched its already-rejected 7.4 billion dollar (5.7 billion US) bid for WMC Resources, this time pitching the offer directly to WMC shareholders rather than through the company.
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MELBOURNE (Dow Jones)--WMC Resources Ltd. (WMR.AU) may have to wait a few more weeks to learn whether Swiss-based Xstrata PLC (XTA.
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Another bid in the mining sector turned hostile yesterday when Xstrata said it would take its A$7.4bn (Â£3.2bn) offer for WMC Resources directly to shareholders.
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MELBOURNE (Dow Jones)--BHP Billiton Ltd. (BHP) remains in the hunt for WMC Resources Ltd. (WMC) with an internal team assessing its options for making a counter offer to Xstrata PLC&#39;s (XTA.
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Xstrata Plc., which has made a hostile A$7.4 billion ($5.7 billion) bid for WMC Resources Ltd., said it received the first acceptance of its offer for the world&#39;s fifth largest nickel producer.
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MELBOURNE - Australian nickel and copper miner WMC Resources rejected aA$7,4bn takeover bid from Xstrata, but left the door open for a higher offer, which sent its shares soaring.
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MELBOURNE (Dow Jones)--Swiss-based Xstrata Plc (XTA.LN) Thursday put WMC Resources Ltd. (WMR.AU) in play, offering A$7.4 billion for the Australian miner that represents the start of a long bidding war.
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OLYMPIC DAM, South Australia (Dow Jones)--WMC Resources Ltd. (WMR.AU) is pinning its defense from aA$7.4 billion takeover bid by Xstrata PLC (XTA.