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Commodities Briefing - Categorized | M&A, Market Moves, Metals and Minerals more

Mining and commodities firms will merge in $90bln deal

Posted on 08 February 2012

Mick DavisAfter years of courting, mining company Xstrata and commodities dealer Glencore International have agreed to marry in a $90 billion deal that would create the world’s fourth-largest natural resources group.
The announcement of the terms of the deal comes just a few days after the first public acknowledgment that the two companies were in discussions about a long-rumored deal — merger talks, codenamed ‘Everest,’ have gone on for years………………………………………..Full Article: Source


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