Xstrata Plans Nov. 20 Investor Vote On $36B Glencore Deal

Law360, New York (October 25, 2012, 3:13 PM EDT) -- Anglo-Swiss miner Xstrata PLC has set a Nov. 20 date for a special shareholder meeting where its investors will vote on its proposed $36 billion merger with Glencore International PLC, the companies said Thursday, as the trouble-plagued tie-up's saga draws to a close.

Glencore shareholders will cast their ballots the same day, a full 10 months after the company first approached Xstrata with hopes of a merger that would spawn a $90 billion conglomerate combining the companies' mining, freight, storage and sales operations.

The companies' shareholders...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.