Qatar Holding to vote against Xstrata bid
8/30/12 8:37 AM ET (MarketWatch)Print
LONDON (MarketWatch) -- Qatar Holding LLC warned Thursday that it will vote against the proposed merger between Glencore PLC and Xstrata PLC at Xstrata's extraordinary general meeting on Sept. 7. The Qatar company, an arm of the country's sovereign wealth fund, said in a statement that although it "continues to support the principle of a combination of Glencore with Xstrata, it has determined that it will not support the proposed merger terms of 2.8 new Glencore shares for every one existing Xstrata share."
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