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Paperwork on Glencore deal for Xstrata is delayed
Documentation relating to commodities trader Glencore’s agreed $37bn bid for miner Xstrata will be sent to shareholders later than p previously anticipated, the companies said in a statement.
Paperwork relating to the merger is now anticipated to be distributed to each company’s shareholders by the end of May 2012 instead of in April as originally announced on 7 February, 2012,” the companies said in statements.
The companies said they still expected to receive all relevant approvals to enable completion of the merger in the third quarter of 2012 and described discussions with regulatory authorities s as constructive.