Xstrata will most likely release a killer offer after hours. Why? to put this thing to bed. The market sold off MCC the past 2 days with expectations all offers were on the table, and then Peobody comes up with a premium offer to the share price. Yes, there may only be one day left before the vote, therefore providing X-men with more conviction to put up before its too late. Remember, X-men and BHP are extremely cashed up. There is also the chance of a 2.5 swap per BHP share
MCC Price at posting:
$16.47 Sentiment: ST Buy Disclosure: Held
