"Xstrata ticked up 67p to £39 after Brazilian suitor Vale successfully concluded iron ore negotiations with China's largest steelmakers, extracting a 65pc price increase. Vale's shares rose 6pc in Brazil, with analysts at Merrill Lynch commenting: "We believe this makes a bid for Xstrata more likely near-term, especially if part of the consideration for Xstrata is to be Vale shares.""
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/02/19/cxmktrep119.xml
Tuesday, February 19, 2008
XTA
