Finance / Brazil
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Takeover Talks Between Vale And Xstrata Fail
March 2008 | M&A AnalysisSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
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.