Glencore Again Delays $34B Xstrata Deal, Citing China Regs

Law360, New York (March 1, 2013, 2:28 PM EST) -- Commodities trader Glencore International PLC won't meet a March 15 deadline for finalizing its much-publicized $34 billion merger with mining and metals giant Xstrata PLC, it said Friday, citing regulatory holdups in China.

Neither company detailed the delays, which come after Glencore in January extended the deal's closing date for another six weeks, setting the March 15 target. But the extra time was not enough to nail down approvals from all of the regions touched by the transaction, which is the mining sector's largest-ever deal....
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