Capturing Glencore's market intelligence

While some of Xstrata's shareholders have threatened to vote down the merger with Glencore, the new entity stands to benefit from the companies' combined assets and expertise.

Glencore and Xstrata unveiled their ‘’merger of equals’’ overnight, although it’s not quite a merger of equals, and immediately had some institutional shareholders saying publicly that they might vote it down.

The proposal unveiled isn’t quite as might have been expected after Glencore approached Xstrata last week because it actually contains a takeover premium for Xstrata shareholders where in a true merger of equals there would have been none.

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