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Xstrata's (XSRAY.PK +5.9%) statement from its independent directors after Glencore upped its bid...
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Friday, September 7, 2012, 11:26 AM ETXstrata's (XSRAY.PK +5.9%) statement from its independent directors after Glencore upped its bid for the company says the new offer is too low. The deal is also now framed as a takeover, rather than the original merger of equals, thus requiring a higher premium; a takeover would require a lower threshold of shareholder support from the current 75%.
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