One of Britain's top shareholder advisory groups urges Xstrata (XSRAY.PK) investors to reject...

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

One of Britain's top shareholder advisory groups urges Xstrata (XSRAY.PK) investors to reject Glencore's (GLCNF.PK) takeover plan; it's concerned over the level of due diligence carried out on Glencore given the complexity of its business and insufficient independent board representation at Xstrata. U.S. advisory firm ISS at least partially warmed to the plan in recent days.