Thursday, February 21, 2008

LMI

"On the FTSE 100, bid speculation surrounded Lonmin, the world's third largest primary platinum producer. The chatter suggested that the Chinese were preparing to bid (or, in another account which was doing the rounds, had made an indicative bid) about £45 per share for the company. The details were scarce – aside from the likely nationality, the suitor remained unnamed – and Lonmin declined to comment on the speculation."

http://www.independent.co.uk/news/business/sharewatch/market-report-its-payback-time-for-builders-says-dresdner-784974.html