Xstrata sets September deadline for Glencore deal

Mining giant Xstrata has reacted cagily to the latest offer from Glencore in the ongoing merger talks between the two firms.

Mining giant Xstrata has reacted cagily to the latest offer from Glencore in the ongoing merger talks between the two firms.

Glencore has upped its share swap offer, from 2.8 times to 3.05 times, after negotiations with Xstrata's 12% shareholder, the Qatarai sovereign wealth fund, Qatar Holding.

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