If the Swiss-based, London-listed company bids for the world’s third-largest platinum producer, it could signal an end to its hostile pursuit of Anglo American. The mining world’s great white shark – Xstrata PLC – is on the verge of another feeding frenzy, signalling that the industry’s merger lull is about to come to an end. That, at least, is what some analysts believe. Xstrata’s target this time is said to be Lonmin PLC, the world’s third-largest platinum producer.
See http://www.theglobeandmail.com/globe-investor/rebuffed-by-larger-rival-xstrata-eyes-lonmin/article1278587/.