Glencore Could Halt Xstrata Merger Over Shareholders' Higher Premium Demands -FT
06/27/2012| 06:38pm US/Eastern
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Glencore International PLC (>> Glencore International Plc) would be willing to drop its proposed merger with Xstrata PLC (>> Xstrata PLC) if an Xstrata shareholder group that includes the Qatari sovereign wealth fund continues to demand a higher premium, the Financial Times reported Wednesday.
Citing people familiar with both sides, the FT said Glencore believes it would be able to return with a new bid for Xstrata in the future.
Newspaper website: www.FT.com
Write to nymonitoring@dowjones.com
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