
Anglo Swiss mining giant Xstrata has raised its cash offer to buy Australia’s Sphere Minerals by 20 per cent to A$514 million (approximately €365 million).
Zug, Switzerland-based Xstrata said the offer was final and would lapse if shareholder acceptances stayed below 50 per cent by 12 November. 8.1 per cent of Sphere’s shareholders had accepted the initial offer as of 2 November.