Xstrata keeps pressure on Anglo American (Dealscape

Xstrata plc stepped up its campaign Wednesday to lure the larger Anglo American plc to the negotiating table, publishing its letter proposing a $72 billion "merger of equals" and hinting that it could be flexible about the composition of a new board.

Though the proposal won support from certain key investors, some analysts argued Anglo American's shareholders would be shortchanged in a zero-premium deal.

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NOT A SUBSCRIBER? Xstrata keeps pressure on Anglo American Posted on June 25, 2009 7:27 AM Xstrata plc stepped up its campaign Wednesday to lure the larger Anglo American plc to the negotiating table, publishing its letter proposing a $72 billion "merger of equals" and hinting that it could be flexible about the composition of a new board. Though the proposal won support from certain key investors, some analysts argued Anglo American's shareholders would be shortchanged in a zero-premium deal. 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 36 company pages related to Switzerland 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 Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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