Xstrata bids for LionOre

SPECULATION of a takeover bid by Xstrata for nickel play LionOre Mining International became reality this evening after the Swiss-based diversified miner announced a friendly $A5 billion cash offer for the Toronto-based LionOre.

Xstrata bids for LionOre Xstrata bids for LionOre Xstrata bids for LionOre Xstrata bids for LionOre Xstrata bids for LionOre

In an announcement to the market, Xstrata said the deal was for $19.82 per share and represented a 16.

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