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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