Glencore's Glasenberg Xstrata gambit is dead in the water
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Glencore's Glasenberg Xstrata gambit is dead in the water

Hong Kong : China | Aug 29, 2012 at 12:31 PM PDT
Source: Guardian Unlimited
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Xstrata saga is why Ivan Glasenberg allowed himself to be bounced into structuring the deal as a scheme of arrangement, thereby setting a threshold for victory of 75% approval from non-Glencore shareholders. Qatar Holding - to gobble almost 12% of Xstrata and thereby achieve a blocking stake. FULL ARTICLE AT Guardian Unlimited
 
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