Commodities giant Glencore was the biggest faller on London's leading shares index today after being forced to raise its offer for Xstrata to keep hopes of a £56 billion mega-merger alive.
Commodities giant Glencore was the biggest faller on London's leading shares index today after being forced to raise its offer for Xstrata to keep hopes of a £56 billion mega-merger alive.
Glencore fell 4% after it upped its bid to 3.05 shares for every Xstrata share, 9% higher than its previous offer of 2.8 shares, after some of its target's biggest investors threatened to vote down the deal.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
