Pounds 4bn Bid Frenzy As Suitor Woos Lonmin

Evening Standard - London › February 17, 2006

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Summary

THE City was back on mega-bid alert today as platinum giant Lonmin admitted it was on the receiving end of a takeover approach, sending the miner's value rocketing to nearly Pounds 4 billion.

A takeover would herald the final chapter in the colourful history of the Lonrho conglomerate, formerly run by the late controversial tycoon Tiny Rowland.

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Pounds 4bn Bid Frenzy As Suitor Woos Lonmin

Bankers licked their lips at the prospect of a takeover battle for the London-listed miner, with FTSE 100 heavyweight ...

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