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Countdown begins for commodities mega merger vote

Posted on 20 November 2012

Shareholders in commodities giant Glencore and mining group Xstrata are to vote Tuesday on a proposed $33 billion mega merger at two extraordinary general meetings near Zurich.
Glencore shareholders are first up on Tuesday at 0800 GMT at the company’s headquarters in Zug, while Xstrata’s vote is planned for 1315 GMT in the same Swiss canton. Both Swiss-based companies had been set to approve the blockbuster merger in September but the deal ran into major resistance from key Xstrata shareholders demanding better conditions………………………………………..Full Article: Source


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