(Reuters) - The Canadian nickel producer said it has notified Xstrata, which has until May 14 to revise its offer. Xstrata's current bid is valued at about $4 billion.
Russia's Norilsk, the world's biggest nickel miner, has offered C$21.50 in cash for each share of LionOre, compared with C$18.50 a share offered by Swiss-based Xstrata.
Read more at Reuters.com Mergers News
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