Xstrata share slump discounts MIM takeover

XSTRATA is facing an uphill battle to win control of MIM Holdings after the Swiss-based miner's shares dropped another 4.3% on Thursday. Published on MiningNews.net on January 24.

Staff Reporter

The slide is in contrast to a forecast by Xstrata chief executive Mick Davis that the company's share price would rise if a merger with MIM goes ahead.

 

Xstrata and MIM have not revealed any terms of their possible merger but it is getting very hard for MIM management to argue that a share swap would be acceptable given the decline in Xstrata's price.

 

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