Some shareholders baulk at Glencore-Xstrata merger
www.euronews.net No sooner was the biggest ever merger in the mining sector announced than it met opposition. Miner Xstrata is to be taken over by commodities trader Glencore, but two major shareholders -- Standard Life Investments and Schroders -- have said they will vote against the deal as it undervalues their shares. Together they own 5.6 percent of the shares needed for approval. It was not clear if others would join them.
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