The proposed merger of Glencore (GLCNF.PK) and Xstrata (XSRAF.PK, XSRAY.PK) receives a boost as...

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

The proposed merger of Glencore (GLCNF.PK) and Xstrata (XSRAF.PK, XSRAY.PK) receives a boost as shareholder advisory group ISS backs the new terms of the $80B deal and reverses some of its earlier comments. But ISS recommends against payouts Xstrata has put in place to retain its most senior executives.