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Serious Money: Anglo American -- Xstrata merger? |
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| Jun 22, 2009 02:40 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Competitive strategy, Market matters, BHP Billiton Ltd ADR (BHP), Rio Tinto plc ADS (RTP), Bargain stocks, Serious Money, Commodities, Anglo Amer ADR (AAUK), Aluminum Corp of China ADS (ACH), Stocks to Buy, Best Stocks for 2009  It was reported on Sunday, June 21, that Anglo-Swiss mining company Xstrata has proposed a merger of equals to the board of Anglo American ADR (NASDAQ: AAUK), hoping to create a new, more competitive mining giant. Rumors have been milling about for a while. Together, Anglo American and Xstrata would have a market capitalization of approximately $68 billion, (AAUK's $35 billion + XTA.L's $33 billion) and be larger than Rio Tinto plc ADS (NYSE: RTP), which ended the trading day last Friday with a capitalization hovering over $42 billion. Continue reading Serious Money: Anglo American -- Xstrata merger? Serious Money: Anglo American -- Xstrata merger? originally appeared on BloggingStocks on Mon, 22 Jun 2009 09:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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