Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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 jriseborough@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.