Glencore (GLCNF.PK) sets Nov. 20 as the new date for delayed shareholder meetings to vote on a...

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

Glencore (GLCNF.PK) sets Nov. 20 as the new date for delayed shareholder meetings to vote on a merger with Xstrata (XSRAF.PK, XSRAY.PK). Since Glencore cannot vote with its 34% stake in Xstrata, and taking into consideration the expected turnout, people close to the deal say that "no" votes from just 12% of Xstrata shares would be enough to kill the merger.