Newspaper wrap-up: Vale, Xstrata talks at an impasse
Posted Feb 28th 2008 8:00AM by Laurie Pasternack
Filed under: Newspapers, Magazines, General Electric (GE), Wal-Mart (WMT), General Motors (GM), Blackstone Group L.P (BX)
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MAJOR PAPERS:
- A potential $90B deal between mining companies Companhia Vale Do Rio Doce (NYSE: RIO) and Xstrata has hit a number of snags that could possibly end talks, reported the Wall Street Journal, including that Xstrata shareholder Glencore International, which has agreements to market a large part of what Xstrata's mines, wants to expand that to include Vale products besides iron ore.
- According to people familiar with the matter, bids for Australian retail-property giant Centro Properties are expected from The Blackstone Group LP (NYSE: BX) and General Electric Company's (NYSE: GE) GE Real Estate, among others, the Wall Street Journal reported.
OTHER PAPERS:
Tags: American Axle, AmericanAxle, AXL, Blackstone Group, BlackstoneGroup, BX, Centro Properties, CentroProperties, GE, GE Real Estate, General Electric, General Motors, GeneralElectric, GeneralMotors, GeRealEstate, GIL, Gildan Activewear, GildanActivewear, Glencore, GM, RIO, V.I. Prewett, V.i.Prewett, Vale, Wal-Mart, WMT, Xstrata
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