GLNCY Glencore Plc (PK)

LONDON--Commodities giant Glencore International PLC (GLEN.LN) said Monday that given the ongoing regulatory process and the South Africa Competition Tribunal's hearing now being postponed until January it and Xstrata PLC (XTA.LN) have agreed, with the consent of the Panel, to extend the long stop date for their merger from Dec. 31, 2012 to Jan. 31, 2013.

MAIN FACTS:

-Completion of the merger remains conditional upon the receipt of the outstanding regulatory approvals in China and South Africa; completion of the Xstrata court process; and Glencore giving effect to the commitments required by the European Commission.

-Glencore shares at 1345 GMT up 1 pence, or 0.17%, at 346 pence valuing the company at 24.51 billion pounds; Xstrata shares down 1 pence, or 0.19%, at 1033 pence valuing the company at GBP31.08 billion.

-Write to Ian Walker at ian.walker@dowjones.com

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