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JPMorgan’s Henderson Says Glencore-Xstrata Has ‘Huge Logic’

Feb. 7 (Bloomberg) -- Glencore International Plc’s proposed combination with Xstrata Plc has “a huge amount of logic,” said Ian Henderson, a fund manager at JPMorgan Asset Management, who helps manage $8 billion in assets including Xstrata shares.

Henderson has yet to decide on Glencore’s offer for Xstrata shares, he said in a telephone interview from Cape Town today.

“I don’t think it’s an automatic tick in the box saying this is a marriage made in heaven.”

Link to Company News:{2342051Z US <Equity> CN <GO>} Link to Company News:{GLEN LN <Equity> CN <GO>} Link to Company News:{XTA LN <Equity> CN <GO>}

To contact the reporter on this story: Jesse Riseborough in London at

To contact the editor responsible for this story: John Viljoen at

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