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Glencore and Xstrata resolve differences and move forward with £56 billion merger

1 Oct 2012 12:00 AM | Anonymous

Just before the final deadline, Glencore and Xstrata have reached agreement regarding a £56 billion merger between the two mining giants.

Xstrata is prepared to a recommended the deal to shareholders after differences regarding the board composition were dealt with.

The agreement was finalised just hours before a deadline, which would have seen both sides walk away from the deal.

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