Xstrata to buy Sphere Minerals for $383 million
Aug. 24, 2010, 2:32 a.m.
By Simon Kennedy
http://www.marketwatch.com/story/xstrata-to-buy-sphere-minerals-for-383-million-2010-08-24
LONDON (MarketWatch) -- Mining group Xstrata (UK:XTA 979.20, -39.80, -3.91%) said Tuesday that it will buy Australia's Sphere Minerals for A$2.50 a share, or a 61% premium to the closing price on Monday. The deal values the company at A$428 million ($383 million). Xstrata said the deal gives it exposure to attractive iron ore markets through organic growth projects in Mauritania and added that Sphere directors controlling around 5.4% of the group's share capital have already agreed to the deal.
Tips:
Xstrata:斯特拉塔
closing price:【股票】 (股票交易日的)收盘价
Mauritania:毛里塔尼亚(西非国家,首都努瓦克肖特)
斯特拉塔$3.83亿收购Sphere Minerals
翻译:Cathy
矿业集团斯特拉塔(UK:XTA 979.20, -39.80, -3.91%)周二表示,公司将以每股2.5澳元的价格收购澳洲Sphere Minerals公司,该价格比Sphere的周一收盘价溢价61%。斯特拉塔对Sphere的估价为4.28亿澳元(3.83亿美元)。斯特拉塔表示,该项收购令公司能够通过在毛里塔尼亚(西非国家)的有机增长项目进军诱人的铁矿石市场,而持有约5.4%公司股份的Sphere董事已经同意该项收购。