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Xstrata sweetens Sphere bid

SWISS mining giant Xstrata has extended the carrot to shareholders in takeover target Sphere Minerals, upping its offer for the company from $A2.50 per share to $3/share, with investors welcoming the news.

MiningNews.Net
Xstrata sweetens Sphere bid

The sweetened takeover bid increased the value of Sphere from $428 million to around $514 million. Xstrata said the increased offer was final and would not be increased. The offer is scheduled to...

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