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Xstrata extends Indophil bid

XSTRATA has given takeover target Indophil until the end of the month to make a decision on its $540 million takeover offer.

Charlotte Dudley
Xstrata extends Indophil bid

The Swiss mining house kept its $1.28 per share offer alive by extending the offer period to August 29. Meanwhile the company has postponed until August 21 giving notice on the offer’s defeating conditions....

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