Anglo American pursuit could hurt Lonmin (Dealscape

The takeover battle has just begun, but Lonmin plc, the world's No. 3 platinum producer, is already feeling the fallout from Xstrata plc's attempt to merge with its much larger rival, Anglo American plc.

Anglo American rebuffed Xstrata's $69 billion proposal Monday to create a "merger of equals," calling it "unacceptable," while the mining minister of South Africa, Anglo's largest shareholder, on Tuesday echoed that verdict. But Xstrata's approach was widely regarded as just the starting point, with observers divided on whether CEO Mick Davis would take the proposal directly to shareholders.

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63 articles related to Lonmin plc
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NOT A SUBSCRIBER? Anglo American pursuit could hurt Lonmin Posted on June 24, 2009 7:00 AM The takeover battle has just begun, but Lonmin plc, the world's No. 3 platinum producer, is already feeling the fallout from Xstrata plc's attempt to merge with its much larger rival, Anglo American plc. Anglo American rebuffed Xstrata's $69 billion proposal Monday to create a "merger of equals," calling it "unacceptable," while the mining minister of South Africa, Anglo's largest shareholder, on Tuesday echoed that verdict. But Xstrata's approach was widely regarded as just the starting point, with observers divided on whether CEO Mick Davis would take the proposal directly to shareholders. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 159 in-depth reports of M&A deals in the Metals sector 63 articles related to Lonmin plc 22 in-depth transaction records for Xstrata 19 in-depth transaction records for Anglo American 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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