Xstrata's (XSRAY.PK, XSRAF.PK) board is expected to recommend Glencore's (GLCNF.PK) revised bid...

|About: Xstrata Plc Adr (XSRAY)|By:, SA News Editor

Xstrata's (XSRAY.PK, XSRAF.PK) board is expected to recommend Glencore's (GLCNF.PK) revised bid as early as next week, Reuters reports, although it may come with some qualification surrounding such issues as staff retention. The board could seek guarantees from Glencore for key managers, or changes could come in Xstrata's controversial retention package for top execs.