Video: Some shareholders baulk at Glencore-Xstrata merger part of Xstrata granted extra week to decide on Glencore merger

Video Related To: Xstrata granted extra week to decide on Glencore merger

Baar : Switzerland | almost 2 years ago
Takeover Deals This April 14, 2011 file photo shows the Glencore headquarters in Baar, Switzerland AP Photo Mining An extension has been granted by the (takeover) Panel and the independent...
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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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