2nd UPDATE: Xstrata Bids A$7.4B For WMC, Rivals Circle
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MELBOURNE (Dow Jones)--Swiss-based Xstrata Plc (XTA.LN) Thursday put WMC Resources Ltd. (WMR.AU) in play, offering A$7.4 billion for the Australian miner that represents the start of a long bidding war.
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IF Xstrata&#39;s Scotch CEO Mick Davis thought he could get WMC Resources on the cheap he now knows otherwise. The Swiss miner is offering $7.4 billion, or $6.35 a share, for Australia&#39;s third biggest resources company.
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MELBOURNE (Dow Jones)--BHP Billiton Ltd. (BHP) remains in the hunt for WMC Resources Ltd. (WMC) with an internal team assessing its options for making a counter offer to Xstrata PLC&#39;s (XTA.
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The Swiss mining company Xstrata began a hostile $5.8 billion bid for the Australian mining company WMC Resources yesterday, in what analysts said could turn into an international bidding war
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Swiss-based miner Xstrata Plc   extended its hostile offer for Falconbridge Ltd.  by  two weeks to July 21 on Friday, as it played for time in a  battle for the Canadian nickel miner.
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Swiss mining firm Xstrata has relaunched an $7.4bn Australian dollar ($5.8bn) takeover bid for Australia&#39;s WMC by appealing to its shareholders.
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Mining giant Xstrata tables a bid for Australian nickel producer Jubilee Mines for 3bn Australian dollars ($2.8bn; Â£1.34bn).
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SHARES in WMC Resources surged 36 per cent yesterday after it revealed it had become a takeover target for Swiss mining giant Xstrata.
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Australian mining firm WMC Resources says it is worth up to 30% more than a hostile $5.8bn takeover bid by Swiss rival Xstrata.
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A bid on the largest portion of public wireless airwaves, now being auctioned by the federal government, reached $4.7 billion on Thursday, triggering a provision to allow any device or software to work on that spectrum.
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Qwest Communications International  Inc. Q.N on Sunday hiked its takeover offer for MCI Inc.  MCIP.O to about $7.3 billion in cash and stock, sources  familiar with the situation said, while rival bidder Verizon  Communications Inc. VZ.N responded by altering its lower  offer.
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Australian nickel and copper miner WMC Resources has rejected aA$7.4 billion (3 billion pounds) takeover bid from Swiss-based Xstrata, but has left the door open for a higher offer.
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WMC currently is fending off a AU$7.4 billion takeover bid by Switzerland-based Xstrata PLC. The mining company upgraded its earnings forecast to around $1.3 billion for the calendar year, above analysts&#39; expectations.
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LONDON (Dow Jones)--Mining group Rio Tinto Ltd. (RTP) is considering trumping a GBP2.9 billion bid by rival Xstrata PLC (XTA.LN) for Australian nickel miner WMC Resources Ltd.
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At the close of the first full day of&#160;bidding for 700MHz wireless spectrum&#160;Thursday, the Federal Communications Commission reported nearly $2.8 billion in provisional winning bids.
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PERTH (Dow Jones)--Trying to derail Xstrata Plc.&#39;s (XTA.LN) hostile takeover bid, WMC Resources Ltd. (WMR.AU) Thursday said it will return up to A$1 billion to shareholders
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Xstrata remained in focus on Wednesday amid rumours that the acquisitive mining group was weighing a move for Lionore Mining, a Canadian nickel producer valued at &pound;1.5bn.