Vale says Xstrata deal “not a priority”
By Dave Hannon -- Purchasing, 3/26/2008 9:49:00 AM
While market watchers wait for the outcome of Brazilian mining giant Vale’s attempted takeover of Swiss rival Xstrata, the CEO of Vale says “it's not something that's a priority for Vale.”
The possible $90 billion deal was originally floated in January, but to date no firm plans are set one way or the other. Vale CEO Roger Agnelli said in a recent Reuters report that "We're at the stage that we've always been in. We're flirting, and it takes a while before that becomes marriage."
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