reports of glencore eyeing oz minerals dubious, page-2

Shares in OZ Minerals jumped more than 6 per cent on Monday after a British newspaper reported that Glencore Xstrata is considering a takeover offer for the Australian copper miner after acquiring up to a 10 percent stake.

The Mail on Sunday said OZ Minerals has appointed UBS as a defence adviser.Glencore, OZ Mine rals and UBS all declined to comment to Reuters on the report.

OZ Minerals shares last traded up 5 percent at $4.63, valuing the company at $1.4 billion ($1.3 billion).

Read more: http://www.smh.com.au/business/markets-live/markets-live-us-worries-to-weigh-on-asx-20130930-2un1y.html#ixzz2gKbKwlvF