Xstrata Board May Recommend Glencore Offer and Announce it Friday -FT
20 Setembro 2012 - 1:36PM
Dow Jones News
Mining company Xstrata PLC's (XTA.PLC) board may recommend
Glencore International PLC's (GLEN.LN, GLNCY) revised offer for the
company, with an announcement possible as early as Friday, the
Financial Times reported.
The FT said the boards of the two companies were meeting
Thursday.
Earlier this month, Glencore revised its offer to 3.05 Glencore
shares for each Xstrata share, up from a prior ratio of 2.8. At the
time, the offer to buy the shares of Xstrata that Glencore doesn't
already own was worth about $36 billion.
Full story at
http://www.ft.com/cms/s/0/50364bde-0327-11e2-a284-00144feabdc0.html#axzz271WketmO
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