Xstrata Ditches Mining Merger [Scot Region Edition 2]

Daily MailOctober 16, 2009

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Summary


MICK Davis, chief executive of Xstrata, walked away from the biggest deal of his career yesterday as he ditched plans to create a Pounds 59bn 'mining super major' with rival Anglo American.

Xstrata said it had no intention of making an offer for the London-based firm, five days ahead of a 'put up or shut up' deadline set by the Takeover Panel.

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Xstrata Ditches Mining Merger [Scot Region Edition 2]

The Swiss-based miner originally made an approach touting a me...

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