Xstrata shareholders to vote on Glencore merger on 20 November

Shareholders in Xstrata will vote on the proposed deal with Glencore on 20 November, the commodities trader said in a statement this afternoon.

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 complex voting structure announced earlier this month, Xstrata shareholders will be able to vote in support of the deal, but object to the retention plan for key managers.