xstrata poised to strike a deal with nkp , page-6

Davey ,Xstrata cut the grass out from under Anglo when they did the option deal .

The option deal was a good strategy for both Xstrata and Nkwe .

It stopped anyone else like Anglo from taking out NKP .

Xstrata got to hold NKP for the future at little cost ,and NKP was able to carry on without without the threat of a takeover .

I am unsure where that stands now ,but I guess that its possible that Anglo could possibly be free to launch a bid if they wished .
I believe NKP will honour their agreement with X even though it may be technically expired ,because it is a win win for both companies ,and apart from a full takeover ,I cant see a better deal than Xstratas being offered to a junior like NKP .

I guess it is possible that another company could launch an offer now ,but think it unlikely given the close relationship that NKP has with Xstrata .

Anglo would have to offer a lot of cash for something like that to succeed ,and they would know that .