Glencore faces stand-off in Xstrata charm offensive
Glencore, days into a campaign to win approval from recalcitrant Xstrata shareholders for a $36-billion bid, is facing a stand off as naysayers dig in their heels and the trader warns it would walk away rather than overpay.
See http://news.yahoo.com/glencore-faces-stand-off-xstrata-charm-offensive-171308625.html.
Glencore raising new $6bn loan – extending existing too
Commodities trader Glencore is raising a $6 billion syndicated loan to back a $37 billion bid for miner Xstrata and is also extending $11.85 billion of existing loans, banking sources said.
See http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=146912&sn=Detail&pid=92730.