Wed Aug 6, 2008 4:12am EDT
LONDON (Reuters) - Lonmin Plc rejected an unsolicited takeover bid worth $10 billion from mining group Xstrata on Wednesday, saying the 33-pound per share cash offer undervalued the company.
"This is an opportunistic and entirely unwelcome attempt to acquire Lonmin at a price which undervalues its unique assets," the world's third-biggest platinum producer said in a statement.
(Reporting by Eric Onstad)
Wednesday, August 6, 2008
Lonmin rejects Xstrata bid as undervaluing firm
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