Glencore-Xstrata Vote Delayed As Aussie Regulator OKs Deal

Law360, New York (July 5, 2012, 2:27 PM EDT) -- Xstrata PLC said Thursday that shareholders would have to wait to vote on Glencore International PLC's $90 billion merger with the mining company, while Australia's antitrust watchdog joined a growing list of regulators who allowed the proposed deal to go forward.

In a statement released Thursday, Xstrata said it had broken off a meeting scheduled for July 12, at which shareholders were expected to vote on its merger with Glencore International. The merger — which has survived a rigorous antitrust probe from global regulators — was...
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