Hints and tips:
...It described Codelco’s claim that Anglo was not entitled to sell any shares in the second half of last year as “a complete red herring”....
...“Discussing the transaction structure is a red herring,” said Thras Moraitis, Xstrata’s head of strategy and corporate affairs. “Without engagement we will not get a transaction structure.”...
...Vale’s $1bn convertible is a red herring although it triggered a small pop in Xstrata’s share price on Tuesday. That leaves Xstrata and Anglo....
International Edition