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Lonmin rejects Xstrata offer

PLATINUM miner Lonmin has labelled Xstrata’s $A10.6 billion pre-conditional offer for the company as “opportunistic and unwelcome”.

Kristie Batten
Lonmin rejects Xstrata offer

The board said today that Lonmin is a unique business and the offer is “wholly inadequate” “This is an opportunistic move by Xstrata which attempts to capitalise on the current volatility in financial...

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