Xstrata Said to Delay Glencore Reply on Board, Management

Xstrata Plc, the largest exporter of utility-grade coal, delayed its response to a 21.6 billion-pound ($35.1 billion) takeover bid by Glencore International Plc to resolve issues over management and the board at the new company, according to people familiar with the situation.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.