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Glencore confirms new Xstrata bid terms

Posted on 11 September 2012

Commodities giant Glencore has officially confirmed the terms of its improved merger offer to mining group Xstrata, made on Friday.
Under the new terms, Xstrata boss Mick Davis would head the combined group for six months before making way for Glencore’s Ivan Glasenberg. Glencore has offered 3.05 of its shares for each Xstrata share, up from its original offer of 2.8 shares………………………………………..Full Article: Source


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