Glencore to lay out Xstrata merger plans

Glencore will this week move into the final stage of its long-awaited $30 billion takeover of miner Xstrata, as shareholders are sent detailed documents on the deal, kicking off a last charm offensive ...

LONDON (Reuters) - Britain�

LONDON (Reuters) -

LONDON (Reuters) - Britain's takeover regulator has granted global miner Xstrata and trading house Glencore an extra week to allow Xstrata to further consider its response to a $36 billion revised bid from Glencore.

LONDON – Glencore Xstrata told investors on Friday it would return excess cash, slash costs and might sell unwanted assets, raising expectations it would easily exceed planned synergies of US$500-million from the deal that created the new group.

LONDON (Reuters) - Xstrata is this week set to reveal a bonus package worth tens of millions of pounds in an effort to retain its chief executive ahead of its merger with Glencore , the Financial Times reported on Monday.

The proposed $77 billion merger between miner Xstrata and commodities trading giant Glencore has been plagued with difficulties