Glencore Finalizes Xstrata Takeover Bid

Bloomberg reported Xstrata Plc (LSE:XTA) rose to a four-month high as Glencore International Plc (LSE:GLEN) made another offer for the Swiss mining company.

As quoted in the market news:

Glencore said its offer represents a “substantial premium” for a company with a 34 percent shareholder, referring to its stake in the company, which also produces copper, zinc, nickel and lead from mines in Australia, South Africa,South America and Canada.

Click here to read the full Bloomberg report.