Reactions mixed to ‘final’ Glencore offer for Xstrata
Sep 10, 2012 | 02:12 PM
| Claire Hack
Tags
Glencore International,
Xstrata,
merger,
Standard Life,
Knight Vinke,
Mick Davis,
Ivan Glasenberg,
Claire Hack
LONDON — Reaction was mixed among major shareholders of diversified miner Xstrata Plc to Glencore International Plc’s "full and final" merger offer.
Glencore, Baar, Switzerland, on Monday confirmed its increased offer of 3.05 of its shares for every Xstrata share, and added that current Xstrata chief executive officer Mick Davis would remain as head of the combined entity for six months. Glencore had previously called for Ivan Glasenberg to be chief executive....
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