| Glencore, the world's largest publicly traded commodities supplier, has confirmed that it has made an approach about an all-share offer for the stake in Switzerland-based Xstrata that it does not already own as part of its current 34% holding.
The combination of the Zug-based Xstrata with Glencore, located just two miles away in Baar, would decisively bring together the two groups that separated a decade ago when Xstrata bought Glencore's Australian and South African coal mines for $2.5 billion and went public in London...............................................Full Article: Source
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