Glencore Sets New April Deadline To Close Xstrata Tie-Up

Law360, New York (March 5, 2013, 12:05 PM EST) -- After announcing last week that it would again postpone the deadline for finalizing its blockbuster $34 billion mining merger with Xstrata PLC, Glencore International PLC laid out a new timetable Tuesday that includes an April 16 closing date after addressing competition and other worries.

The commodities trader confirmed the Swiss companies were waiting on a green light from Chinese regulators, as well as the completion of mandated court proceedings in the U.K. The legal wrangling is tied to concessions Glencore and Xstrata agreed to make in...
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