Business Services Industry
Confident visionary behind Xstrata's bid.(Brief Article)
Australasian Business Intelligence, March, 2005 by Gottliebsen, Robert
Mar 03, 2005 (The Australian - ABIX via COMTEX)
Xstrata CEO Mick Davies does not think BHP Billiton and Rio Tinto will launch counter-bids for WMC Resources. He believes that they are no longer interested in taking - nor do they need to take - risky steps, given that they are still profiting from the ambitious decisions of their predecessors. WMC is risky. Uranium has an image problem. Furthermore, the company is locked into low-priced contracts for the next four years and the reality is that superannuation funds with shares in WMC will not want to wait.
Publication Date: 4 March 2005
WMC RESOURCES LIMITED - ASX WMR:
XSTRATA AG:
BHP BILLITON LIMITED - ASX BHP:
RIO TINTO LIMITED - ASX RIO:
CSR LIMITED - ASX CSR:...
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