Glencore Shareholders Vote in Support of Xstrata Merger

Platts reported that Glencore shareholders backed the proposed merger with Xstrata, in a Tuesday vote which drew 99.42 percent support.

As quoted in the market report:

Completion of the merger remains conditional upon, among other things, approval of the merger by Xstrata shareholders at its own shareholder meeting later Tuesday, certain regulatory approvals and completion of the court process as set out in the amended scheme document in connection with the merger published by Xstrata on October 25.

To view the whole Platts report, click here.