XTA

"Xstrata, the copper miner, reached a record high yesterday amid a rumour that Anglo American, up 50p at £33.30, was plotting a bid, offering one Anglo share and £13 cash for every one of Xstrata. Xstrata, of Switzerland, whose negotiations with Vale, of Brazil, appear to have stalled because Glencore, Xstrata’s main shareholder, cannot agree a price or a metals marketing deal, rose 47p to £41.47."

http://business.timesonline.co.uk/tol/business/markets/article3449031.ece