Seeking Alpha

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

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.
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