07.09.2012 - Xstrata CEO said to encourage Glencore, Qatar resolution on deal
Xstrata Plc Chief Executive Officer Mick Davis has encouraged Glencore International Plc and Qatarís sovereign-wealth fund to work out their differences ahead of a shareholder vote on this yearís largest takeover, according to people familiar with the situation. Davis, who stands to get as much as 28.8 million pounds ($46 million) in performance-related bonuses should the deal succeed, has been in contact with Qatar Holding LLC and commodity trader Glencore about a resolution ahead of todayís vote by shareholders in Switzerland, said the people, who declined to be identified as the discussions are private. Davis isnít actively involved in any negotiations between Glencore and the Qatari fund, two people said...............................................Full Article: Source
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