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London - Mining group Xstrata is confident shareholders will
support a $90bn all-share agreed takeover by commodities trader Glencore,
announced by the two parties on Tuesday.
"I have absolutely no doubt that this is something that is
going to gain support (from shareholders)," Chief Executive Mick Davis said in
an interview with Reuters.
"I'd be surprised if our shareholders don’t find this as
compelling as we the management have found in recommending the deal," he added.
He said that the combined group would likely be involved in acquisition activity in future and that it would look at the "optimisation" of its assets but that nothing was currently up for sale.
