Glencore eyes finish line in Xstrata deal
The deal has been dragged back from the brink of collapse on more than one occasion since it was first proposed in February - most recently in September, when Glencore was forced to improve its offer to woo Xstrata's second-largest shareholder, Qatar.
Qatar said last week it would support the offer, increasing the chances the tie-up could be all but certain before the end of this week. That is, if a positive outcome at Tuesday's Swiss shareholder meetings is followed by approval from Europe's antitrust regulators, due to give their verdict by Thursday.
Though an unusually complex voting structure means a positive outcome on Tuesday is not guaranteed, analysts say the key question mark will be over a separate vote on a golden handcuffs retention plan for Xstrata managers; championed by the board, it is deeply unpopular with Xstrata shareholders.
I think they'll get the deal done. I don't see a reason why not, as Qatar has said 'yes', said analyst Nik Stanojevic at stockbroker Brewin Dolphin. But
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