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Xstrata extends offer period for Sphere

XSTRATA Coal subsidiary Sidero has extended its bid period for Sphere Minerals without upping its offer for the company, despite the painfully slow progress it is making in its $A428 million play for the iron ore explorer.

Nick Evans
Xstrata extends offer period for Sphere

The bid offer period was due to close on October 5, but lawyers for Sidero told the Australian Securities Exchange today the company will extend that for two weeks. The Swiss giant’s all-cash offer of...

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