Deals
Glencore Delays Investor Vote on $34 Billion Xstrata Deal
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Glencore International Plc adjourned a shareholder meeting called to vote on its $34 billion offer for Xstrata Plc, raising prospects the biggest publicly traded commodities supplier will increase its bid.
The postponement followed developments overnight, Chairman Simon Murray told shareholders in Zug, Switzerland. Shares of Xstrata jumped as much as 6.3 percent while Glencore fell as investors bet that the trader will give in to investor demands to boost its offer.