(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

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 reported on Thursday, sending HONG KONG, Feb 2 (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 Click email this a friend (Opens in new window) Click print (Opens in new window) Click share on Skype (Opens in new window) Click share on Facebook (Opens in new GFG Alliance Is Said to A for the underground mining operation in New South Wales state could be announced as soon as Tuesday, according the person, who asked not be identified because the information is private. Tags: alliance, said, near, acquisition, International is an agreement combine with Xstrata in a that may value the combined entity at $82.46bn, reports Bloomberg. Switzerland-based miner and commodity trader is a US$1-billion buy the South African assets of Chevron, possibly upsetting an earlier agreement with Sinopec The may be reached within a range of $16 $19 a share, the report said. Viterra closed at $16.21 on March 16, giving the company a market value of $6.03-billion.

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