Fund Wants Xstrata Board Shake-Up If Glencore Deal Fails

Law360, New York (August 31, 2012, 12:29 PM EDT) -- A New York-based investment fund that controls a minority stake in European mining company Xstrata PLC called Friday for an upheaval of the company's board if it cannot complete a proposed $31 billion merger with Swiss commodities firm Glencore International PLC.

Knight Vinke Asset Management LLC, which owns roughly 0.5 percent of Xstrata stock, said in a brief statement that it would push for a change in the makeup of Xstrata's board of directors if the deal falls apart after a shareholder vote next week....
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