Xstrata's board is reportedly set to recommend Glencore's sweetened $80B merger bid, which...

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

Xstrata's board is reportedly set to recommend Glencore's sweetened $80B merger bid, which includes a controversial £140M retention package for Xstrata's senior execs and gives it a majority of directors on the combined board. Crucially, major Xstrata shareholder Qatar will back the new offer and the retention package. The deadline for the company to give its recommendation is tomorrow.