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While the merger of Glencore and Xstrata looks headed for completion, the question now is more...

While the merger of Glencore and Xstrata looks headed for completion, the question now is more fundamental: Will Glen-strata thrive in a mining sector already full of challenges? While the investment case is attractive, "it is not without risk,” Jefferies says. “The merged company would still have high financial leverage and high earnings sensitivity to changes in commodity prices.”
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