Glencore offers 8 percent premium to Xstrata to seal merger: FT

by admin on Sunday, February 5th, 2012 | No Comments

(Reuters) – Shareholders in global miner Xstrata Plc are set to receive 2.8 shares in commodities dealer Glencore International for each Xstrata share, under the terms of their $88 billion (55 billion pounds) proposed merger, the Financial Times reported on Monday.