Ivan Glasenberg, the chief executive of the world’s largest commodities trader Glencore, has been pushing for a deal for years, but price could be an issue. Commodities trader Glencore and miner Xstrata are in active talks about merging to create a £50bn global mining group.
News of the talks, which could lead to a deal being formally announced as early as next week, sent shares in Xstrata rocketing almost 10% to close at £12.30 and Glencore shares were up almost 7% to 461.70p……………………………………….Full Article: Source