LIM Takeover?
"Xstrata: No Comment On Bid For Australia's LionOre Report
22:32 EDT Sunday, March 25, 2007
MELBOURNE -(Dow Jones)- Xstrata PLC (XTA.LN) declined to comment Monday on a report it was planning a A$4 billion takeover bid for LionOre Mining International Ltd. (LIM.AU).
The Sydney Morning Herald website is reporting Xstrata may launch a bid for LionOre as early as this evening.
"We don't comment on any sort of speculation," a spokesman for Xstrata said.
LionOre, which is headquartered in Toronto, wasn't immediately available for comment.
Shares in the Australian nickel miner, which has a market capitalization of A$ 3.85 billion, were put on a trading halt early Monday ahead of an announcement.
-By Alex Wilson, Dow Jones Newswires; 61-3-9671-4323; alex.wilson@ dowjones.com
-Edited by Graham Morgan"
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
