For a deal that everyone was expecting, the Glencore-Xstrata merger has a nasty habit of throwing up surprises. And few of them have been pleasant.
The biggest yet was served up on Tuesday evening. Qatar, the emirate that is Xstrata’s second largest shareholder, issued a shock demand for an improvement in the £42bn deal’s merger terms. The price, Qatar said, was too low………………………………………..Full Article: Source