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| January 22, 2008 | Tuesday | Muharram 12, 1429 |
Takeover bid
RIO DE JANEIRO, Jan 21: Brazilian mining giant Vale do Rio Doce confirmed on Monday that it was in talks for a multi-billion-dollar take over of Anglo-Swiss rival Xstrata but said no deal had yet been reached. In a statement, the company said: “Vale has been maintaining a dialogue with Xstrata Plc management. At the moment, these discussions had not produced any material result yet.”—AFP
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