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Mining giant Anglo American PLC (AAL.LN) will name John Parker as its chairman Friday, the Financial Times reported Thursday. Parker, who has been National Grid PLC's (NG.LN) chairman since 2002, will replace Mark Moody-Stuart. Anglo American didn't comment to the newspaper Thursday night. Last month, rival Xstrata PLC (XTA.LN) offered to merge with the company, but Anglo American rejected the proposal, calling it "totally unacceptable," according to FT. Representatives of Xstrata have met with some of Anglo American's shareholders as the company continues to pursue a merger, according to a Dow Jones Newswires report earlier Thursday.
Full story at http://www.ft.com/cms/s/0/51a4f9de-6cd0-11de-af56-00144feabdc0.html
-Dow Jones Newswires; 212-416-2900
(END) Dow Jones Newswires
07-09-09 1859ET
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