, Xstrata’s board close to approving Glencore’s offer
The board of mining company Xstrata Plc is said to be close to approving Glencore International Plc’s offer, according to a source familiar with the situation. The decision on the £36 billion Glencore International Plc’s offer, which values one Xstrata Plc’s share at 3.05 Glencore’s share, is to be announced on Wednesday, September 19, as the Xstrata Plc’s board, chaired by Sir John Bond, has a meeting scheduled for the day. However one banking official stated that it was possible that Xstrata Plc would request an extension of the deadline.
