Hedge Funds & Alternative Investments
Mergers & Acquisitions
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Wealth Fund Backs Glencore’s Bid for Xstrata
The sovereign wealth fund Qatar Holding said on Thursday that it would support Glencore International’s proposed $32 billion takeover of the mining company Xstrata. The announcement comes less than a week before Xstrata’s shareholders will vote on the multibillion-dollar deal that would create a global mining and commodity trading giant…
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Click here to read the full story: NY Times