Glencore and Xstrata tie the knot

published 7 February 2012

Having announced their engagement Anglo-Swiss commodities firms Glencore and Xstrata have finalised terms of the dowry of their marriage of equals.

The merger of commodities trader Glencore and mining firm Xstrata will be effected through the exchange of 2.8 Glencore shares for every Xstrata held. The merger values each Xstrata share at 1,290.1p and the entire issued share capital of Xstrata at around £9.1bn.

More to follow ...