logo
Share SHARE
FONT-SIZE Plus   Neg

Glencore, Xstrata Currently In Constructive Talks With Regulatory Authorities

Xstrata plc (XTA.L) said that the company and Glencore International plc (GLEN.L,GLNCY.PK,GLCNF.PK) are currently engaged in constructive talks with the regulatory authorities, which require anti-trust filings to be submitted in connection with the proposed merger, including the European Commission.

The companies continue to expect to receive all relevant approvals to enable completion of the merger in the third quarter of 2012, as announced earlier. Documentation relating to the merger is now anticipated to be distributed to each company's shareholders by the end of May 2012 instead of in April as originally announced on February 7, 2012. Respective shareholder meetings to approve the merger are expected to be convened in early July 2012.

The Panel on Takeovers and Mergers has given its consent to these arrangements.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Federal Communications Commission or FCC will not take any action against CBS Corp.'s "Late Show with Stephen Colbert" despite receiving thousands of complaints about the talk show comedian's controversial joke about President Donald Trump. The U.S. government filed a civil lawsuit on Tuesday against Fiat Chrysler Automobiles, accusing the automaker of installing software in more than 100,000 diesel vehicles to cheat emission controls. The lawsuit alleges that Fiat Chrysler equipped nearly 104,000 light duty diesel vehicles containing 3.0 liter EcoDiesel engines with software functions that were not disclosed to regulators. A college degree is a necessity for a rewarding, well-paying job with possibility for career advancement and also for entry into most professional careers. On average, college graduates earn much more than high school graduates throughout their lifetime. In addition to the earnings potential, students...
comments powered by Disqus
Follow RTT