MIM says Xstrata talks continue

MIM Holdings has played a straight bat to media rumours that Xstrata will make a $1.76 per share unconditional cash bid for the diversified miner.

MIM says Xstrata talks continue MIM says Xstrata talks continue MIM says Xstrata talks continue MIM says Xstrata talks continue MIM says Xstrata talks continue

The rumour, which was reported in The Sydney Morning Herald, saw MIM shares climb 9 cents, or more than 6%, in morning trade.

MIM said the discussions were "incomplete and continuing".

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