Lonmin rejects Xstrata offer

PLATINUM miner Lonmin has labelled Xstrata’s $A10.6 billion pre-conditional offer for the company as “opportunistic and unwelcome”.

Lonmin rejects Xstrata offer Lonmin rejects Xstrata offer Lonmin rejects Xstrata offer Lonmin rejects Xstrata offer Lonmin rejects Xstrata offer

The board said today that Lonmin is a unique business and the offer is “wholly inadequate”

“This is an opportunistic move by Xstrata which attempts to capitalise on the current volatility in financial

loader