Sunday, September 30, 2012

Xstrata board backs Glencore merger

Xstrata logo

Shareholders will now vote on whether to accept the offer of 3.05 Glencore shares for every Xstrata share.

Some major shareholders, including Qatar Holding, the sovereign wealth fund of the Gulf state, have said they want a higher offer.

A merger would form one of the world's biggest metals and commodities firms.



Source & Image : BBC

No comments:

Post a Comment