Platinum Asset Management, which owns 2.5 per cent of MIM Holdings, advised shareholders in the coal and copper producer to reject a A$4.93 billion ($5.53 billion) takeover bid by Xstrata because it was too low.
Platinum supported MIM managing director Vince Gauci's opposition to the takeover, Platinum managing director Kerr Neilson
Xstrata bid 'too low'
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