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Competition Bureau Hearing for Glencore’s $33 Billion Takeover of Xstrata Postponed
Dec. 10, 2012 08:23AM PST
Industrial MetalsReuters reported that a hearing from the South African competition tribunal regarding Glencore’s $33 billion takeover of Xstrata has been postponed until January.
Reuters reported that a hearing from the South African competition tribunal regarding Glencore’s $33 billion takeover of Xstrata has been postponed until January.
As quoted in the market report:
Glencore was expected to defend its case this week after South African power utility Eskom raised concerns the deal could affect its coal supplies, but the hearing was postponed until Jan. 18 after the parties asked for more time to prepare.