Xtrata lifts offer for Australia’s Sphere to $513 million

MELBOURNE (BestGrowthStock) – Anglo-Swiss miner Xtrata Plc (XTA.L: ) unit Sidero has raised its takeover offer for Sphere Minerals Ltd (SPH.AX: ) to A$3.00 per share from A$2.50 per share, valuing its offer at A$514 million.

Sphere shares last traded at A$2.45.

(Reporting by Victoria Thieberger; editing by Balazs Koranyi)

Xtrata lifts offer for Australia’s Sphere to $513 million