Anglo-Swiss miner Xstrata PLC Tuesday formally announced plans to merge with commodities titan Glencore International AG and create a behemoth with a market value of $90 billion, but according to a Wall St Journal report some investors immediately criticized the deal's terms.
The new company, to be called Glencore Xstrata International PLC, could dramatically change the face of the natural-resources industry. It would for the first time marry a major mining operation with a big trader of commodities from metals to oil and grains. It would generate more than $200 billion in annual sales from operations in five continents.
Should the companies pull off the deal, they .
Read all about it at http://online.wsj.com/article/SB10001424052970204136404577208273480172652.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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