Nothing but negotiation

 
The Gap Partnership

Xstrata shareholders back Glencore merger

The merger of Xstrata and Glencore is set to go ahead after shareholders of both firms backed the deal.

21 November 2012

Shareholders at mining company Xstrata have voted to back the proposed merger with commodity firm Glencore, with 90.08 per cent in favour.

The decision followed an overwhelming vote earlier yesterday (November 20th) by Glencore shareholders to back the move.

Firms involving in merger negotiations may find using the services of merger and acquisition consultants can help them get a similarly emphatic vote in favour from their shareholders.

The vote was conducted in a way that enabled the Xstrata shareholders to undertake a separate vote on proposed revised management incentives, which they rejected.

Commenting on the decision, Xstrata Chairman Sir John Bond said:  “We welcome shareholders’ support for the merger with Glencore today, which underlines the sound strategic rationale for a combination of the two companies."

He added that in light of the management incentives vote, he will be stepping down once the merger process is complete.

The Glencore vote had produced 99.42 per cent support for the merger, with 97.17 per cent in favour of changing the company name.

Posted by Ken Hayes

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more