Some Bod's seem to have their act together. news item today:

Lonmin rejects Xstrata bid

Lonmin rejects Xstrata bid

Lonmin Plc has rejected an unsolicited takeover bid worth US$10 billion from mining group Xstrata, saying the £33 per share cash offer undervalued the company.
"This is an opportunistic and entirely unwelcome attempt to acquire Lonmin at a price which undervalues its unique assets," the world`s third-biggest platinum producer said in a statement.
Xstrata unveiled the takeover bid for the world`s third-biggest platinum producer to diversify its business from industrial metals such as copper.
Lonmin shares soared 51% to a high of £35 on Wednesday, slightly over Xstrata`s planned offer of £33 a share.
Anglo-Swiss Xstrata`s swoop is part of a wave of consolidation in the metals sector amid booming demand from China that has sent prices soaring over the past few years.
Xstrata said it planned to buy more Lonmin shares in the market on Wednesday, adding to its 8% stake it bought from several major shareholders after the close on Tuesday.
"We`ll stand in the market today with a firm offer to shareholders and those who wish to accept we`ll take their shares," chief executive Mick Davis said.