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Staying on Top

机译：保持领先

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After buildingrnXstrata into one of the world's leading mining groups with a series of bold acquisitions over the past five and a half years, CEO Michael Davis is finding it harder to keep up the pace. The South African executive offered C$4.6 billion ($4.3 billion) in March to acquire Toronto-based nickel producer LionOre Mining International, only to have his bid topped twice by Norilsk Nickel. The Russian company was leading the contest for LionOre late last month, with a bid of C$6.8 billion, 49 percent above Xstrata's initial offer, leaving Davis to ponder whether he should up the ante or fold.rn"When I started here six years ago, there were very few people competing for companies," Davis told Institutional Investor last month, in the midst of the bid battle. "Now every time we announce, someone else comes out to compete."
机译：在过去五年半的时间里，Xstrata通过一系列大胆的收购，成为了世界领先的矿业集团之一，而首席执行官迈克尔·戴维斯（Michael Davis）发现，跟上步伐变得更加困难。这位南非高管在三月份提出以46亿加元（合43亿美元）的价格收购总部位于多伦多的镍生产商LionOre Mining International，但出价却被Norilsk Nickel高出两倍。上个月底，这家俄罗斯公司领导了LionOre的竞标，出价68亿加元，比Xstrata的最初报价高49％，让戴维斯去思考他是否应该提高底注或弃牌。 ，几乎没有人争夺公司。”在竞标战中，戴维斯上个月对机构投资者说。 “现在，每当我们宣布时，就有其他人出来竞争。”

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