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Xstrata walks away from Lonmin takeover, ups stake

SWISS mining giant Xstrata announced yesterday that it will not pursue a £5 billion ($A11.1 milli...

Kristie Batten
Xstrata walks away from Lonmin takeover, ups stake

Xstrata announced in early August that it would offer £33 per Lonmin share. The UK merger watchdog gave Xstrata until October 2 to make a decision on proceeding with a formal bid. "Today's announcement...

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