CAPITAL MARKETS

Glencore goes hostile

THE merger of equals between Glencore International and Xstrata has become a hostile takeover with Glencore now proposing to replace Mick Davis with Ivan Glasenberg as CEO of the enlarged entity.

Kristie Batten

Glencore goes hostile

In an extraordinary turn of events, Glencore upped its offer just minutes before the shareholder votes were due to take place on Friday in Switzerland, where the two companies are based. It has been...

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