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Glencore Ups the Stakes to Rescue Deal with Xstrata
Glencore International Plc’s traders have decided to sweeten the pot at the last moment in an attempt to salvage one of the biggest deals ever in the sector with miner Xstrata Plc. Earlier, the company had to deal with months of resistance from the sovereign wealth fund of Qatar as well as other investors. But the situation remained uncertain as to whether the improved offer would turn out well in spite of early enthusiasm in the market on Friday.
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Commodities Giant Glencore to raise over $12billion through IPO
Considered to be the world’s biggest commodities trader and supplier, the Swiss company Glencore, is all set to become bigger and stronger by floating …
