Glencore extends Xstrata merger deadline
Lengthy antitrust regulatory processes in China and South Africa have forced commodities trader Glencore to delay the date for completion of its tie-up with miner Xstrata until the end of January.
South Africa's competition authorities have postponed hearings on the $33bn (£20bn) deal until 18 January, after the parties asked for more time to prepare.
Glencore said yesterday its "long stop date" was now 31 January, a month later than previously planned.
Reuters
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