url: universal and vulcan to merge , page-31

do you think URL management has already given xstrata the opportunity to takeover the company?

Also, given the low Cu price and subsequent interest in industry, wouldn't the astute buyer be seizing as many assets as they could at the bottom of the market? (see China on a macro level)

then again, Xstrata, etc probably feel they hold the aces with their majority stakes.

Surely VCN would have investigated this issue prior to this annoucement...