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Commodities Briefing - Categorized | M&A more

How the deal of the year, between the commodity giant Glencore and miner Xstrata, has gone wrong

Posted on 28 June 2012

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


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VRS - who has written 36748 posts on Opalesque Commodities Briefing.


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