Glencore’s revised offer for Xstrata has received a mostly warm reception from the miner’s shareholders, with several top 20 investors pointing to “broad-based” support for the last-ditch compromise to save the $80bn merger.
The commodities trader laid out its final offer for Xstrata yesterday, offering 3.05 Glencore shares for each of the miner’s.
But – after a cold response from Xstrata’s board – the proposals included concessions to last week’s bare-bones offer. Mick Davis, Xstrata chief executive, would stay for up to six months before handing over to Glencore’s Ivan Glasenberg, while the deal would keep its current structure with a new board from both companies.
您已阅读57%（673字），剩余43%（515字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。