Qatari Shareholder Blesses $34B Xstrata-Glencore Merger

Law360, New York (November 15, 2012, 5:05 PM EST) -- After a long holdout, state-owned private equity firm Qatar Holding LLC on Thursday endorsed the $34 billion stock swap that will fold mining and metals giant Xstrata PLC into commodities trader Glencore International PLC, a positive sign ahead of next week's shareholder vote on the merger.

The Qatari sovereign wealth fund, Xstrata's largest shareholder behind Glencore, used its voting clout to leverage a sweetened deal out of Glencore in September, when the would-be buyer agreed to trade 3.05 Glencore shares for every unit of Xstrata it...
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