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Commodities Briefing - Categorized | Financial, M&A more

Glencore offers 8 pct premium to Xstrata to seal merger

Posted on 06 February 2012

Ivan GlasenbergShareholders in global miner Xstrata Plc are set to receive 2.8 shares in commodities trader Glencore International for each share held as the two firms try to seal an $88 billion deal, the Financial Times reported on Monday.

The terms of the all-share deal, likely to be unveiled on Tuesday, would represent an 8 percent premium to Xstrata’s share price before news of the merger talks surfaced last week, the newspaper said in an unsourced report……………………………………….Full Article: Source


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