The countdown begins for Xstrata offer

AS D-day approaches for Xstrata in its battle to gain control of emerging iron ore producer Sphere Minerals, rival suitor Sin-Tang Development continues to try and shore up Sphere shareholder support for its Askaf financing proposal.

The countdown begins for Xstrata offer The countdown begins for Xstrata offer The countdown begins for Xstrata offer The countdown begins for Xstrata offer The countdown begins for Xstrata offer

The Sphere board unanimously rejected the funding deal on Friday, and has now accused Sin-Tang of making direct contact with shareholders in an attempt to gain support for the funding bid.

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