$77bn bid for Xstrata?LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. : Brazilian miner Vale, formerly known as CVRD CVRD Companhia Vale do Rio Doce (Brazilian mining company) CVRD Cowichan Valley Regional District (Vacouver Island, British Columbia, Canada) CVRD Converter, Variable Resistance, to DC Voltage , has hired bankers to consider a bid for UK-listed rival Xstrata possibly worth more than [pounds sterling]38 billion ($77bn), UK newspapers said yesterday. Consolidation is sweeping the global mining industry, and Xstrata's shares jumped on speculation it could be a target. The Times newspaper, citing a source close to the process, said Vale's interest was at an early stage and no decision had been made about approaching the Xstrata board with a bid. The Financial Times said Vale had hired Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. to look at a move. Anglo American was cited as a possible predator predator an animal that derives its life support by predation. for Xstrata but the Times said it was not contemplating an offer, citing a source close to the matter. Copyright [c] 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
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