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China's Ministry of Commerce is expected to announce this week it has cleared the $30B takeover...

Apr. 16, 2013 5:30 AM ETXstrata Plc (XSRAF) StockXSRAF, GLCNFBy: Clark Schultz, SA News Editor
China's Ministry of Commerce is expected to announce this week it has cleared the $30B takeover of Xstrata (OTC:XSRAF) by Glencore International (OTCPK:GLCNF). The development means the last major obstacle for the mining concerns will be out of the way. The combined company will boast revenue of almost $250B this year, according to analysts.

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