Glencore set to detail $36 billion Xstrata bid: sources
LONDON/DUBAI (Reuters) – Trader Glencore, hammering out a revised $36 billion bid for miner Xstrata in intense weekend negotiations, is set to detail its new offer to the market as early as Monday, days after proposing 11th-hour changes to save the deal. Sources familiar with the deal said commodities trader Glencore, keen to clarify its own position but also under pressure from Xstrata and UK regulators, would publish details of the higher offer early next week. Two sources said the new, firm, offer was expected on Monday. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply