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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST

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To: Giordano Bruno who wrote (28002)1/20/2008 9:05:31 PM
From: elmatador   of 218494
 
Vale ws moving closer to making a takeover offer for Xstrata.
Vale May Buy Xstrata to Diversify Its Portfolio, Liberum Says

By Brett Foley

Jan. 14 (Bloomberg) -- Cia. Vale do Rio Doce, the world's largest iron-ore exporter, may buy Xstrata Plc to diversify its production and gain access to U.K. investors, Liberum Capital Ltd. said.

Buying Xstrata would allow the ``aggressively acquisitive'' Brazilian company to diversify into coal and ferroalloys and benefit from share listings in London and Zurich, Michael Rawlinson, head of mining, resources and energy at Liberum, wrote today in a report.

bloomberg.com
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