Bloomberg News

Xstrata Glencore Merger May Be Opposed on Premium, Times Says

February 04, 2012

Feb. 4 (Bloomberg) -- An Xstrata Plc shareholder may block a merger with Glencore International Plc if the Swiss commodities trader doesn’t offer a “substantial” premium to take control, The Times reported.

Xstrata’s growth prospects in the next 10 years are higher than Glencore’s, the newspaper said, citing Richard Buxton, head of U.K. equities at Schroders Plc.

--Editors: Linda Shen, Kristen Hallam

To contact the reporter on this story: Nidaa Bakhsh in London at nbakhsh@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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