At last, someone to fight Xstrata - but they're French.(Areva has interest in WMC Resources Ltd.)(Brief Article)

Australasian Business Intelligence, February, 2005 by Chessell, James

Feb 24, 2005 (The Sydney Morning Herald - ABIX via COMTEX)

French nuclear power group, Areva, has expressed interest in Australian mining company, WMC Resources. WMC is the target of a hostile $A8.4 billion takeover bid by Swiss mining company, Xstrata. Rumours of counterbids for WMC have not eventuated, including an expected scrip bid by Australian-listed Rio Tinto. WMC's shares fell by $A0.05 to $A7.44 on 24 February 2005. However, this is still above $A7, which is Xstrata's effective offer. Areva has made no definite offer, but its large size and interest in uranium could revive investor interest in WMC.

Publication Date: 25 February 2005

WMC RESOURCES LIMITED - ASX WMR:

AREVA SA:

XSTRATA AG:

RIO TINTO LIMITED - ASX RIO...

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