Deals
Xstrata CEO Davis Said Ready to Quit After Glencore Takeover
This article is for subscribers only.
Xstrata Plc Chief Executive Officer Mick Davis is ready to quit the company after a $36 billion takeover by Glencore International Plc at a price beneficial to shareholders, a person familiar with the situation said.
Chief Financial Officer Trevor Reid also is prepared to step down provided Glencore makes an offer fair to shareholders of the mining company, said the person, who asked not to be identified because the information isn’t public.