RE: Will Xstrata Counter?Its going to cost them.
Under the deal with Brascan, if Xtrata pays more than the 28 that they paid to Brascan Xstrata has to make up the difference keeping Brascan whole plus the US320 million to Inco.
I'm sure that they can afford it, but what if Inco increases the bid? All of a sudden your looking at a much larger bite than they intended. Interesting indeed.
Good luck to all