12.09.2012 - Qatar Holding makes Glencore wait on revised Xstrata bid
Glencore International, the world’s biggest commodities trader, will have to wait a bit longer to see whether its increased all-share offer for the mining giant Xstrata will be backed by one of that company’s largest shareholders. The sovereign wealth fund Qatar Holding, which owns a 12 percent stake in Xstrata, said on Tuesday that it had yet to decide about the revised offer from Glencore, which raised its bid to 3.05 of its own shares for each share in Xstrata...............................................Full Article: Source
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