(Reuters) – Glencore International is nearing an agreement to combine with Xstrata in a deal that may value the combined entity at 52 billion pounds ($82.46 billion), Bloomberg said, citing two people with knowledge of the plan. The two commodities-focused companies may announce a deal as early as this week, the people told the news agency. The deal value excludes the value of Glencore’s 34 percent stake in Xstrata, the report said. The talks between Xstrata and Glencore are ongoing and a deal could still fall apart, one of the people told the news agency. …

Quoted from Glencore nearing deal to combine with Xstrata on Yahoo! News – Latest News & Headlines

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