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According to The Sunday Times, by 2006, Glencore controlled 40% of Xstrata stock and appointed Xstrata CEO, Mick Davis. [45] [47] In February 2012, Glencore International Plc, agreed to buy Xstrata Plc for £ 39.1 billion (US$62 billion) in shares. Glencore offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal".
Xstrata (ISE: XTA.L) advanced 34 pence, or 3%, to 1,047 pence in early trade this morning after Glencore (ISE: GLEN.L) confirmed it had raised its offer for the miner to 3.05 shares.
Xstrata plc was an Anglo-Swiss multinational mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. [2] It was a major producer of coal (and the world's largest exporter of thermal coal), copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome. [2]
Commodities trading giant Glencore International has presented its final offer for mining giant Xstrata and it is substantially the same as the preliminary offer Glencore made on Friday, just ...
Glencore and another huge trading house, Trafigura, are said to control about 70% of global supplies of copper, and both have been accused of paying a premium of $100 a ton to the market price of ...
Shareholders of Swiss-based Glencore International have voted overwhelming to support the company's $67 billion merger with miner Xstrata. At a meeting this morning, more than 99% of Glencore's ...
On 18 May 2006, Xstrata had announced a proposal to acquire Falconbridge for $52.50 CAD per share. This was a cash offer, unlike the Inco offer of a combination of cash and shares. On 12 July 2006, Xstrata announced that it increased its offer to acquire Falconbridge to $59.00 CAD per share (an approximate total value of $22.5 billion CAD ...
LONDON -- Anglo-Swiss miner Xstrata (ISE: XTA.L) released its interim results this morning. The 27 billion pound firm, which is the subject of a "merger of equals" bid from fellow FTSE 100 group ...