28.06.2012 - Glencore courts Qatar as Xstrata tweaks merger pay: Commodities
Glencore (GLEN) International Plc and Xstrata Plc (XTA), seeking to salvage the yearís biggest takeover, moved to appease dissident investors who have threatened to derail the 16 billion-pound deal ($25 billion). Glencore yesterday met with Xstrataís second-biggest shareholder, Qatar Holding LLC, over the sovereign wealth fundís call for a 16 percent increase in the commodity traderís bid, people familiar with the London talks said. Xstrata revised payments for executives intended to keep them at the combined company by adding a link to performance after holders attacked the bonuses as excessive...............................................Full Article: Source
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