News Headline Summary

Xstrata (XTA LN) shareholders approve Glencore (GLEN LN) offer without bonus payments

- 78.88% vote for scheme subject to revised management incentive, the main point of contention for Xstrata shareholders in approving the deal.

Update details:

- Retention packages were the main point of contention for Xstrata shareholders in approving the deal. A vote to decide what retention packages will be paid is expected later today.

Reaction details:

- GLEN shares rose 0.74% in reaction, last trade at GBP 3.33.
- XTA shares rose 2.52% in reaction, last trade at GBP 9.71.

Print 14:34, 20 Nov 2012 - FTSE 100 - Source: Newswires