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Glencore buyout ‘to be recommended’

Posted on 01 October 2012

Mining giant Xstrata is reportedly planning to recommend that its shareholders back a revised multibillion-pound merger with commodities trader Glencore. Mining giant Xstrata is reportedly planning to recommend that its shareholders back a revised multibillion-pound merger with commodities trader Glencore.
It is understood the decision comes after a weekend of talks and will be announced on Monday, coinciding with a deadline set by the City takeover panel. The merger has turned into a long-running saga since being proposed in February, amid shareholder discontent over the terms………………………………………..Full Article: Source

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