Xstrata‘s proposed £40 billion merger with Anglo American has effectively collapsed after Anglo’s shareholders rejected the approach, according to the Times. The newspaper said “investors representing nearly 50 per cent of Anglo’s stock are understood to have rejected the Xstrata proposal, effectively killing it in its present state.” Moreover, “those shareholders that have expressed an opinion on pricing told The Times that they want a premium of between 30 per cent and 50 per cent to complete the deal.”

This entry was posted by Stacy-Marie Ishmael on Thursday, July 9th, 2009 at 4:32 and is filed under Capital markets, M&A. Tagged with anglo american, xstrata. Edit this entry.