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The new company will also get a new name later today, Glencore Xstrata PLC. Glencore Xstrata will ... Glencore, Xstrata Merger Now Complete. 24/7 Wall St. Updated July 14, 2016 at 9:52 PM.
Glencore offered 2.8 new shares for each Xstrata share in agreed all-share "merger of equal". It is the biggest mining takeover ever, and after approval would create an entity with 2012 sales of US$209 billion. [ 48 ]
In July 2012, Xstrata announced that the Court Meeting originally scheduled for 12 July 2012 to approve the details of the merger between Xstrata and Glencore had been adjourned to 7 September 2012. [30] After the merger with Glencore, the Xstrata CFO Trevor Reid announced that he would not continue to work as employee but as consultant. After ...
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 ...
Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company's board of directors by booting chairman John Bond ...
The deadline for Xstrata's bid to be complete was 21 July 2006. Xstrata acquired and absorbed Falconbridge in late August 2006, leaving Inco open to bids by Phelps Dodge and the Brazilian company CVRD. [5] [6] Falconbridge became Xstrata Nickel, which continued to be based in Toronto. On 2 May 2013 Glencore completed the merger with Xstrata.
When the proposed $90 billion merger between Glencore International and Xstrata was first announced, the seeds of its failure were first planted. Glencore already owned 34% of Xstrata and could ...
LONDON -- These are heady days for mining and trading giant Glencore International , as it moves closer to completing its 22 billion-pound merger with fellow FTSE 100-listed miner Xstrata PLC.