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Glencore provides details of its improved $36B bid for Xstrata, saying that the offer of 3.05...
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Monday, September 10, 2012, 3:10 AM ETGlencore provides details of its improved $36B bid for Xstrata, saying that the offer of 3.05 shares per Xstrata share represents a 27% premium based on stock prices last week. Xstrata shareholder Knight Vinke yesterday rejected the new proposal, although Standard Life Investments supports it. Qatar Holdings, the key player, has so far remained silent.
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