29.06.2012 - Qatar takes unusual role in Glencore-Xstrata deal
The decision by Qatar Holding to oppose the terms of Glencore International PLC's merger with Xstrata marks an unusual shift to an activist shareholder role for the oil-rich sovereign wealth fund. In a surprise announcement late Tuesday, Qatar Holding urged Glencore to sweeten the terms for its proposed merger to 3.25 of its shares per Xstrata share, rather than the 2.8 on offer. The Gulf state, which is Xstrata's second largest shareholder, says it still supports the proposed merger that would create and mining powerhouse with a market capitalization of about $56 billion. ..............................................Full Article: Source
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