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Monday, Nov 12
2012, 3:37 AM
Glencore's (GLCNF.PK) $68B merger with Xstrata (XSRAY.PK) could be scuppered by a complex...
Glencore's (GLCNF.PK) $68B merger with Xstrata (XSRAY.PK) could be scuppered by a complex shareholder approval process even though most investors seem to favor the deal. Xstrata shareholders will next week be asked to vote on three options: a deal that includes controversial retention payments; on one that doesn't; and on the retention payments themselves. There has to be agreement between one of the first two scenarios and the last one for the deal to pass.