Schroder Investment rejects Glencore's (GLCNF.PK) latest offer for Xstrata (XSRAY.PK, XSRAF.PK)...

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

Schroder Investment rejects Glencore's (GLCNF.PK) latest offer for Xstrata (XSRAY.PK, XSRAF.PK) since it doesn't represent a large enough premium, while admitting the deal seems to be gaining support among other shareholders. The fund's manager says he won't sell ahead of a potential vote on the deal, believing the mining sector is undervalued and will rally eventually.