Speculation that BHP Billiton and Vale are planning a takeover of mining giant Xstrata has sent Xstrata s share price rocketing on the London Stock Exchange.
A report in the Herald Sun describes takeover rumours making the rounds of London s business circles and causing a 10% rise in Xstrata s share price.
If this rumour has any truth to it, the finance media is showing surprisingly little interest in it.
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Stocks for your watchlist:
- BHP Billiton: BHP.AX (ASX); BLT.L (London Stock Exchange); BHP.N (New York Stock Exchange)
- Xstrata Plc: XLT.L (LSE)
- Rio Tinto: RIO (ASX and LSE)
- Fortescue Metals Group: FMG.AX (ASX)
