Qatar Holding Backs Glencore’s $31.2 Billion Bid for Xstrata

Qatar Holding Backs Glencore’s $31.2 Billion Bid for Xstrata

Gianluca Colla/Bloomberg

Glencore raised its bid on Sept. 7 to 3.05 of its shares for each Xstrata share, from 2.8 shares proposed in February, after Xstrata investors including Qatar with its 12 percent stake demanded a higher offer.