Xstrata (XSRAY.PK) formally announces that it has agreed to merge with Glencore in an all-share...

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

Xstrata (XSRAY.PK) formally announces that it has agreed to merge with Glencore in an all-share deal that would create a company worth $90B. The tie-up values Xstrata at £39.1B ($61.9B), or £12.90 a share, a 15.2% premium on its stock price before news of the deal emerged last week. (PR) (previous)