• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Huge backing for $31bn Xstrata takeover

Nov 20 2012 11:42
Reuters
London - Shareholders in commodity trader Glencore voted overwhelmingly on Tuesday in favour of its long-awaited $31bn takeover of miner Xstrata.

Glencore, which is controlled by its management team and is already Xstrata's largest shareholder, has offered 3.05 new shares for every Xstrata share which it does not already own.

Glencore said 99.4% of voting shareholders supported the resolution on the tie-up.

Xstrata shareholders vote later on Tuesday, with a first meeting scheduled for 15:00.

glencore  |  xstrata  |  takeover

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...