09:03:57
Anglo could be target of merged Xstrata-Glencore
AGL
Posted Fri, 03 Feb 2012
Anglo could be target of merged Xstrata-Glencore
AGL
Posted Fri, 03 Feb 2012
Business Day reported that news of Glencore's and Xstrata's talks to create the world's largest commodities company sparked a rally in Anglo's shares on Thursday, 2 February 2012, reigniting speculation that the merged outfit might launch a new takeover bid for the global miner. Shares in Anglo were up 3.4% to R340.63 on the takeover speculation. However, a renewed takeover attempt by a combined Glencore and Xstrata, which is only probable in the distant future, is likely to face renewed resistance from Anglo and problems with global competition authorities.
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