Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Xstrata Plc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Proctor and Gamble (PG) has sold two of its soap brands to European consumer products giant Unilever (UN). Cincinnati-based P&G says the sale includes the global Camay brand, the Zest brand outside of North America and its Talisman manufacturing plant in Mexico. The plant employs approximately... Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.