merger of equals

Mining company Xstrata announces $90bn merger with commodities giant Glencore

Mining company Xstrata has formally announced plans to merge with the world's biggest commodity trader, Glencore

Mining company Xstrata has formally announced plans to merge with the world’s biggest commodity trader, Glencore. The deal would value the combined new business at $90 billion, of which Xstrata would comprise $39 billion. The announcement came as Xstrata revealed a 20% increase in profits for 2011, to $5.9 billion. But two major Xstrata shareholders [...]

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