Takeover Talks Between Vale And Xstrata Fail

March 2008 | M&A Analysis

Brazil's Vale and Swiss rival Xstrata have failed to reach an agreement after months of talks regarding Vale's bid to buy Xstrata. Vale has stated that talks collapsed over failure to agree on future marketing rights. Although denied by Vale's Chief Executive Roger Agnelli, other reports cite financing issues as a reason for collapse. Xstrata has not disclosed a reason for the breakdown.

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