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GLASENBERG GOES ON TOUR
GLENCORE chief executive Ivan Glasenberg is said to be preparing to join the roadshow to persuade investors to back the planned merger of Glencore with rival miner Xstrata. Glasenberg’s intervention could be necessary to get the deal through after a fifth major shareholder came out against the tie-up on Friday on the grounds that the premium offered to Xstrata shareholders is too low. The deal is vulnerable to being blocked if just 16.5 per cent of voting rights are rallied against it.