News

LONDON (Reuters) – With Glencore’s $34 billion takeover bid set to collapse on Friday, Xstrata boss Mick Davis will have to woo back disgruntled shareholders in the miner and push ahead alone ...
NEW YORK (CNNMoney) -- In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata in an all-stock deal, according to a ...
(Reuters) – Glencore has raised its bid for miner Xstrata in an 11th-hour effort to rescue one of the sector’s largest ever deals from collapse after opposition from rival shareholder Qatar.
Glencore and Xstrata have launched merger talks to create a $88bn commodities trading and mining giant with the financial muscle to sweep up some of its biggest rivals. The all-share merger ...
GENEVA (AP) -- Anglo-Swiss mining group Xstrata PLC says it has rescheduled a shareholder vote on its proposed merger with commodities trading giant Glencore International PLC until Sept.
Commodities trader Glencore will need to sweeten its $26 billion bid for miner Xstrata or risk losing a deal it has coveted for years after key shareholder Qatar made a late demand for better terms.
LONDON – Glencore has made a revised offer in its all-share bid for Xstrata, saying that the Anglo-Swiss miner's chief executive, Mick Davis, can lead the merged company for six months before ...
Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said. Melbourne-based Indophil ...
The $90 billion merger of Glencore and Xstrata is on shaky ground as the two sides struggle to come to terms over the makeup of the combined management team. Negotiating time is growing short.
Mr. Glasenberg has made no secret of his ambition to re-combine the two groups, which were split apart following Xstrata's 2002 IPO. Glencore has until March 1 to make a formal offer. But Xstrata ...
The Glencore-Xstrata deal, which would create the world's fourth-largest diversified mining company with a market capitalization of about $70 billion, is facing growing opposition, which could ...