XTA

"Elsewhere, Xstrata gained 1.2 per cent to £41.37 on speculation that Anglo American, 1.5 per cent higher at £33.30, was preparing a bid. The terms of the rumoured Anglo offer were £13 in cash and 1.1 Anglo share. Meanwhile, Brazilian company Vale’s putative $85bn (£43bn) takeover of Xstrata was last night on the brink of collapse after a major shareholder in the Anglo-Swiss miner refused to agree to the terms of the offer"

http://www.ft.com/cms/s/0/42880bd4-e505-11dc-9334-0000779fd2ac.html