Glencore says offer for miner Xstrata is 'fair'
Commodity giant Glencore insisted Monday that its takeover offer for Swiss-based miner Xstrata that would create a commodities behemoth is at a fair price despite some calls for an increase."This is a merger of equals. We believe that the price given for Xstrata is a fair price. A merger of equals generally doesn't give a premium," Glencore CEO Ivan Glasenberg told AFP in an interview from Baar, Switzerland.