Xstrata getting a fickle trickle of acceptances for WMC bid
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THE first reply from a WMC shareholder that Swiss miner Xstrata received after posting out its formal takeover documents last week was succinct and to the point.
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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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The City is awaiting details of investment shifts which could determine Marks &amp; Spencer&#39;s vulnerability to takeover after the retailer revealed details of its Â£2.
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WMC is the subject of a new offer from the Swiss-based mining giant, Xstrata. After last month&#39;s bid through a scheme of arrangement was knocked back, Xstrata has launched an off-market takeover bid for all shares in WMC.
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Teck Cominco Ltd. (TCKb.TO) on Friday  extended the deadline for its hostile bid for fellow Canadian  miner Inco Ltd. , as it waits to see if Swiss-based  Xstrata Plc  gets Falconbridge Ltd. .
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SWISS mining giant Xstrata issued documents backing its hostile $7.4 billion cash offer for WMC Resources yesterday and cranked up a fear campaign to focus shareholders on the downside risk if the bid were to lapse.
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Teck Cominco Ltd.'s (TCKb.TO) hostile  offer for Inco Ltd.  is more alive than dead, analysts  said on Thursday, after Xstrata Plc  raised its bid for  Falconbridge Ltd. , throwing cold water on Inco's  friendly offer for the copper and nickel company.
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The upcoming 700MHz spectrum auctions by the U.S. Federal Communications Commission (FCC)&#160;have drawn bid applications from giant companies including Google and AT&amp;T. But a number of small companies and individuals have submitted bid applications as well.
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Xstrata Plc, the world&#39;s biggest exporter of coal for power plants, will make a hostile A$7.4 billion ($5.8 billion) cash offer for WMC Resources Ltd.
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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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Big valuation, leaky moat, and a large shareholder fleeing. Any takers?
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LONDON (CBS.MW) - Swiss mining conglomerate Xstrata said Thursday it has offered to buy the entire issued share capital of Australian company WMC Resources for A$7.
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Strange stirrings at advertising broker
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SYDNEY (Dow Jones)--Xstrata Plc (XTA.LN) said Monday that its A$6.35-a-share cash bid for Australia&#39;s WMC Resources Ltd. (WMR.
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Reuters reminds us that Google still has the small issue of 23.4 million shares that were not correctly registered with the SEC. &quot;Google said it expects little acceptance of the buyback offer, which has a weighted average offer price of $3.94 per share.
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The tech publishing firm gets the SEC's A-OK -- but remains troubled.
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Knight Trading suffers through the midst of some real trading doldrums.