INDABA: Ivanhoe Chairman: Anglo American A Takeover Target Post Glencore-Xstrata
February 08 2012 - 4:45AM
Dow Jones News
Globally diversified miner Anglo American PLC (AAL.LN) is
definitely a takeover target if the announced merger between
Glencore International PLC (GLEN.LN) and Xstrata PLC (XTA.LN) is
completed, Robert Friedland, the chairman of Ivanhoe Mines Ltd
(IVN.T0 said Wednesday.
Speaking on the sidelines of the Mining Indaba conference,
Friedland told Dow Jones Newswires that "it's blatantly obviously
that Anglo is a takeover target," he said.
He wouldn't provide details on why but said "I would be
surprised if they [Glencore-Xstrata) don't eventually" make a move
on Anglo American.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)7776 200 924
alex.macdonald@dowjones.com
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