Economy
Anglo fails to halt speculation |
|
|
| Economy | |
| Written by Gary Howes | |
| Monday, 22 June 2009 | |
|
Update: Anglo American neither confirms nor denies likelihood of Xstrata deal.
The board at Anglo American (LON:AAL ) has sent out a press release in response to speculation that a merger with Xstrata is nigh. Anglo certainly chose the most non-commital language when they said that the proposal, "may or may not lead to a transaction involving the Group." "It should be noted that this situation is at a very preliminary stage and that there is no certainty that any transaction will be forthcoming. A further announcement will be made if and when appropriate." Anglo American shares have surged this morning on the back of the news, coming in over 6% up by late morning. Xstrata on the other hand has suffered on the markets. The Xstrata share price is down 3.38%
|
|
Digg it! 
del.icio.us 
Newsvine 
Reddit 
Stumble It! 
