{"id":17528,"date":"2010-09-03T06:46:46","date_gmt":"2010-09-03T10:46:46","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=17528"},"modified":"2010-09-03T06:46:46","modified_gmt":"2010-09-03T10:46:46","slug":"xstrata-walks-away-from-noranda-bid","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2010\/xstrata-walks-away-from-noranda-bid.html","title":{"rendered":"Xstrata walks away from Noranda bid"},"content":{"rendered":"<p>Globe and Mail &#8211;\u00a0Shares of\u00a0Noranda Income Fund\u00a0fell nearly 9 per cent on Thursday after Xstrata Zinc, a division of mining giant\u00a0Xstrata PLC, officially walked away from its takeover offer for the company.<\/p>\n<p>Talks between the two broke off because managers could not agree on price. Although Swiss-based Xstrata increased its original July 30 bid by 15 per cent, to $3.90 per unit, the independent members of Noranda\u2019s board of trustees did not support the offer. Taking debt into account, the deal value would have totalled about $400-million.<\/p>\n<p><strong><a href=\"http:\/\/www.theglobeandmail.com\/globe-investor\/xstrata-walks-away-from-noranda-bid\/article1694585\/\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Globe and Mail &#8211;\u00a0Shares of\u00a0Noranda Income Fund\u00a0fell nearly 9 per cent on Thursday after Xstrata Zinc, a division of mining giant\u00a0Xstrata PLC, officially walked away from its takeover offer for the company. Talks between the two broke off because managers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17528","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=17528"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17528\/revisions"}],"predecessor-version":[{"id":17529,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/17528\/revisions\/17529"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=17528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=17528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=17528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}