Deals
Glencore Gets Court Approval for Structure of Xstrata Vote Plan
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A U.K. court approved share reclassification and voting plans for Glencore International Plc’s proposed takeover of Xstrata Plc, including a provision that allows shareholders to go ahead with the merger without a management compensation plan.
Registrar Clive Jones in London today signed off on the scheme of arrangement for the exchange of shares and a shareholder vote to be held by Xstrata in Switzerland. The takeover is still subject to a shareholder approval and further legal clearance from a U.K. court.