Xstrata's fight or flight question

The prospect of a Glencore-Xstrata tussle is tantalising and if it ends in a merger, it could lead to a new mining house in the same league as BHP Billiton and Rio Tinto.

This could get interesting. Glencore’s Ivan Glasenberg has finally made his long-awaited approach to Xstrata, proposing a merger of equals. Will Xstrata’s Mick Davis resist it or fight for a premium?


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