Thursday, February 2, 2012

$82 Billion Glencore Xstrata Megamerger Near

In what could be the biggest merger news of the year, Bloomberg reports that Glencore and Xstrata could be close to a merger:

GLENCORE SAID TO BE NEAR AGREEMENT TO COMBINE WITH XSTRATA
GLENCORE, XSTRATA MAY ANNOUNCE DEAL AS SOON AS THIS WEEK
COMBINED XSTRATA, GLENCORE MAY BE WORTH $82 BILLION
GLENCORE INT'L RISES AS MUCH AS 4.6% IN HONG KONG

It is unclear if this merger will suffer the same fate as the NYSE-Deutsche Borse, but if successful it will surely have a significant impact on

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