Xstrata signalled yesterday it remained interested in a deal with Anglo American even as it dropped its proposals for a merger with its rival miner.
The Switzerland-based miner formally walked from its approach to Anglo yesterday after being told by the UK Takeover Panel to put up or shut up. The move means that Xstrata cannot make another offer for six months, unless it is an agreed bid or an approach comes from a third party.
However, Mick Davis, chief executive of Xstrata, indicated that his company continued to eye Anglo.
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