Yes snook, that's the way it works. Regardless of past commitments etc, would think anything is negotiable at this point, while a takeover offer would require shareholder approval. Which is why the negotiations could be fairly complex with the permutations available.
Btw did Xstrata specifically mention Finland in context of sovereign risk? Would be surprised if they assess more sovereign risk in Finland than South America.
AOH Price at posting:
31.0¢ Sentiment: ST Buy Disclosure: Held