LONDON: Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed US$88bil merger with global miner Xstrata Plc, the Financial Times said.
Under the terms of the all-share deal, likely to be unveiled today, Xstrata shareholders were set to receive 2.8 shares in Glencore for each share held, the newspaper said in an unsourced report.
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