Mining giant Xstrata continued its rally on London's leading shares index yesterday as investors warmed to revised merger terms offered by commodities trader Glencore.
Mining giant Xstrata continued its rally on London's leading shares index yesterday as investors warmed to revised merger terms offered by commodities trader Glencore.
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Xstrata shares were 12.5p higher at 1026.5p as investors took the view that 3.05 Glencore shares for each of the miner's would be enough to secure the tie-up. The impact of the deal meant Glencore shares were 8.1p lower at 370p.
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