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ANALYSIS: What BHP Billiton planned, Glencore-Xstrata must do
February 28, 2012 - 12:01 GMT Location: London
“[It will have] the low-cost production of a miner, the marketing skills of a trader, and the financing capability of a bank,” one senior metal marketer told Metal Bulletin.
He was not talking about the plan to merge Xstrata and Glencore into a $90 billion producer-trader powerhouse, revealed earlier in February. Instead, he was talking about BHP Billiton, the powerhouse that was formed in June 2001 by the merger of BHP and Billiton. Click here for full story |
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Glencore and Xstrata seek merger approval from the European Commission
February 24, 2012 - 10:38 GMT Location: London
Glencore International and Xstrata will ask the European Commission to approve their proposed $90 billion merger under the EU's merger regulations, Glencore said on Friday February 24. Click here for full story |
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HOTLINE: Don’t mention the ‘Core!
February 24, 2012 - 09:37 GMT Location: London
Spare a thought for one analyst who Hotline ran into last week. In the employ of a large bank supplying financial services to a major European trading house, he has been ordered by management not to mention that trading house anywhere in his published reports. Click here for full story |
Glencore should improve Xstrata share ratio, say RBC analysts
February 13, 2012 - 15:34 GMT Location: London
Glencore will have to increase its ratio of 2.8 of its shares for every Xstrata share if the merger between the two companies is to go ahead and investors are to be kept happy, analysts at RBC Capital Markets said in a note on Monday February 13. Click here for full story
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SPOTLIGHT: Glencore-Xstrata says coal, copper marketing will highlight merger's benefits
February 09, 2012 - 14:53 GMT Location: London
Glencore-Xstrata’s operations in the coal and copper concentrates markets will show how it will achieve an overall saving of $500 million per year in marketing synergies, Glencore ceo Ivan Glasenberg said this week. Click here for full story
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Glencore merger undervalues Xstrata shares, delegates say
February 09, 2012 - 14:35 GMT Location: Cape Town
Trading house Glencore’s $90 billion all-share merger with mining major Xstrata will undervalue Xstrata’s shares, according to industry sources. Click here for full story
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GLENCORE/XSTRATA MERGER: Full details of deal released
February 08, 2012 - 10:45 GMT Location: London
Glencore and Xstrata formally confirmed they have agreed the terms of a recommended all-share merger of equals worth $90 billion on Tuesday February 7, and also released extensive details of the deal. Click here for full story |
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More M&A ahead as Glencore and Xstrata agree merger
February 08, 2012 - 10:47 GMT Location: London
Glencore and Xstrata have formally confirmed they have agreed the terms of a recommended all-share merger of equals worth $90 billion, prompting one key question: what happens next? Click here for full story |
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Road to tie-up may not be smooth
February 08, 2012 - 10:46 GMT Location: London
The announcement of the agreed merger between Glencore and Xstrata, made on Tuesday February 7, is not necessarily a guarantee that it will go ahead, sources have said. Click here for full story |
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Glencore, Xstrata seek ‘new business model’ in $90bn merger
February 07, 2012 - 07:14 GMT Location: Shanghai
Xstrata has agreed an all-share takeover by Glencore to create a $90 billion group that could shake up the mining sector from extraction to marketing. Click here for full story |
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LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals
February 06, 2012 - 14:00 GMT Location: London
Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO. Click here for full story |
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COMMENT: Glenstrata still has to break the mould
February 03, 2012 - 13:30 GMT Location: London
The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain. Click here for full story |
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Glencore and Xstrata discuss merger to create $90bn miner
February 02, 2012 - 12:12 GMT Location: London
The combination of Glencore and Xstrata, if a merger went ahead, would create a company with a value of between $80 billion and $100 billion and could trigger further consolidation in the mining industry. Click here for full story |