Glencore and Xstrata merger pushed back

Glencore and Xstrata have announced that their merger completion deadline has been extended to 2 May to include Chinese approval (announcement). The deadline was extended to 16 April when Glencore posted results on 5 March. Our reporter Cathy Adams:

Separately, both firms confirmed that the completion date for the merger has been extended to 16 April. Glencore is still awaiting Chinese regulatory approval, having been given the green light from European and South African regulators.

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