Standard Life Investments, a major shareholder in both Xstrata and Glencore, previously opposed...

|About: Glencore Plc (GLCNF)|By:, SA News Editor

Standard Life Investments, a major shareholder in both Xstrata and Glencore, previously opposed the merger deal but now says it supports the newly improved terms. Earlier today, Glencore bumped its offer for Xstrata to 3.05 Glencore shares for each Xstrata share from the original 2.8 share swap ratio proposal.