CAPITAL MARKETS

Glenstrata vote delayed on changes

XSTRATA has caved in to shareholder pressure and has agreed to offer shares instead of hefty cash payments under its executive retention package announced as part of the $A9 billion merger with Glencore International.

Kristie Batten
Glenstrata vote delayed on changes

The 173 million pound ($A267.2 million) cash retention fees due to be paid to 73 Xstrata executives will now be paid in shares of the merged group. The retention awards included around $A45.5 million...

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