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GLENCORE PLC (GLEN)
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11h agoDJEUROPE MARKETS : ArcelorMittal, Iliad Slump In Europe; AXA Climbs
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Qatar Said to Back Glencore Bid, Xstrata Bonuses

11/14/2012 | 08:16pm US/Eastern
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Qatar's sovereign wealth fund is poised to back Glencore International PLC's (>> Glencore International Plc) $31.3 billion offer for Xstrata PLC (>> Xstrata PLC) as well as bonuses for some 70 managers, Bloomberg News reported Wednesday, citing three people with knowledge of the plan.

Qatar Holding LLC is Xstrata's second-largest shareholder. A spokesman for Qatar Investment Authority was not available for comment, Bloomberg reported.

Full story at: www.bloomberg.com/news/2012-11-14/qatar-said-to-support-glencore-bid-xstrata-bonuses-in-deal-vote.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Glencore International Plc, Xstrata PLC
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Latest news on GLENCORE PLC
10h agoDJLONDON MARKETS : FTSE 100 Slumps For Third Day As Miners, Banks Slump
10h agoDJEUROPE MARKETS : ArcelorMittal, Iliad Slump In Europe; AXA Climbs
11h agoDJEUROPE MARKETS : ArcelorMittal, Iliad Slump In Europe; AXA Climbs
15h agoDJLONDON MARKETS : FTSE 100 Slumps For Third Day As Miners Slump
16h agoDJEUROPE MARKETS : ArcelorMittal, Iliad Slump In Europe; AXA Climbs
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1d ago MMG : Glencore reaps $7 billion from Las Bambas mine sale to China's MMG
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