Xstrata investors to vote on deal

Xstrata shareholders will vote on the £56bn merger with Glencore on 20 November, it was announced yesterday. The investor meeting, which will take place 10 months after the original deal was announced, will see shareholders vote on the proposed deal of 3.05 new shares for every Xstrata share. Under a new voting structure, Xstrata shareholders will be able to vote in support of the deal, but object to the retention plan for key managers.