Orbite Aluminae (ORT)

[morongobill]

I was going to repeat what I said at SH about Glencore's takeover bid for Xstrata turning hostile at the end. I still believe if it comes, it will come from that direction.

Also let me remind all that Xstrata had long coveted Anglo-American and even offered a takeover merger of equals and was told to forget it. My guess is that the new Glencore Xstrata might very well amount a hostile bid for AA, which began in South Africa around the time of World War One- South Africa is the home of Glencore's CEO.

Such a takeover would make the new GX one of the largest, if not the largest mining concern in the world.

You may be aware that in 2007, Veolia Environmental Services management attempt to avoid hostile takeovers with a poison pill defense was voted down by the shareholders.

Veolia is not known for pursuing hostile takeovers.