05.07.2012 - Qatar’s win-win Glencore battle
Sovereign wealth fund Qatar Holdings is in a unique position as Glencore battles to convince shareholders in U.K.-listed miner Xstrata that its proposed merger of the two firms would be in their best interests. Qatar says it wants more bang for its buck from the deal and is pushing Glencore to up the ratio of its shares it will pay for each Xstrata share from 2.8 to 3.25. It’s taken the unusual step of making its comments on the matter public. And it has adopted a tough negotiating stance behind the scenes, according to people familiar with the matter, saying pay up, or you lose our support...............................................Full Article: Source
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