so who will win

Here's my take:


It will be an intriguing (sic) battle.

Xstrata look the likely winner imo. They have offered a hefty premium - on already hefty prices - and have the trump card. They have the firmed up the boards own shareholdings. That means, at $23, they have 17% or so of the company. Becuase of that, someone is going to need to come way over the top. They are going to need to bid at $27+ to stand any chance at all.

And if there was a probability of that, why would the board of directions have sold a few hundred million dollars of shares. Wouldn't they want to share in that too.

So for me, unless the Russians play Russian roulette once again, Xstrata win!


Is this the general feeling

Yes/No??