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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Autor</th> <th class="thCornerR">Wiadomość</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>wqhdoidba</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="http://picsrv.fora.pl/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Wysłany: Sob 0:59, 25 Sty 2014<span class="gen"> </span> Temat postu: </span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Sina company ,<a href="http://www.benbenradio.fr/hco.html" target="_blank" class="postlink">hollister pas cher</a> <br /> to to to to to to to to to Copyright &copy; 1996-2012 SINA Corporation,<a href="http://www.rpffilters.it/scarpe-hogan-online/" target="_blank" class="postlink">scarpe hogan online</a>, All Rights Reserved <br />相关的主题文章： <br /> <br /> <br /> <a href="http://edutoursns.kofsoft.cn/home.php?h=719&app=blog&id=180129&user_id=719" target="_blank" class="postlink">South Korea plans to build military barracks in the West Sea Island</a> <br /> <br /> <a href="http://www.ephuket.net/contact-us/#comment-174042" target="_blank" class="postlink">The 35 anniversary of the death of living a luxurious life Elvis Presley exposure (Photos)</a> <br /> <br /> <a href="http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&rd=1&item=350246075558&ssPageName=STRK:MESE:IT" target="_blank" class="postlink">Development and Reform Commis</a> <br /> <br /> <br />Shanghai City, jointly with the Municipal Commission of Commerce, the district actively implement measures, efforts to defuse the cabbage and other vegetables and seasonal varieties structural slow-moving problem.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="http://picsrv.fora.pl/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>zvswgogna</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="http://picsrv.fora.pl/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Wysłany: Czw 9:44, 16 Sty 2014<span class="gen"> </span> Temat postu: Glencore considers changes to Xstrata deal</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Glencore considers changes to Xstrata deal <br />LONDON Commodities trader Glencore International said Wednesday that it is considering changes in incentives for senior employees of Xstrata as a shareholder revolt over its proposed takeover of the mining company gathered steam. <br />The possible revision of the offer comes barely two weeks ahead of a shareholders vote on the deal and followed a demand by a Qatari investment fund for better terms for its 10 per cent stake in Xstrata. It wants 3.25 new Glencore shares for each Xstrata share, significantly more than the 2.8 shares currently on offer. <br />The Financial Times reported Wednesday that the Qatari demand means that holders of about a quarter of Xstrata shares are opposed to the terms, enough to block the deal. <br />"There is now a material risk that the merger could fail with both management teams adamant that the current terms are fair and had only been agreed after extensive negotiations," said Myles Allsop, analyst at UBS. <br />Glencore shares were down 3.8 per cent at 291 pence in morning trading in London, while Xstrata's share price fell 1.5 per cent to 774 pence. <br />One aspect some shareholders have raised objections to relates to the retention provisions in the deal. In particular, concerns have been raised over a threeyear, $45 million deal for Xstrata's chief executive Mick Davis, who is in line to become chief executive of the merged company. <br />In all, the deal calls for 73 senior employees of Xstrata to share in 173 million pounds of incentives to remain in their jobs. <br />Glencore said it had received a revised proposal from Xstrata "and will make a further announcement when appropriate." <br />When the deal was announced in February, two big fund managers Standard Life Investments and Schroder Investment Management said Glencore's offer undervalued Xstrata. <br />The Association of British Insurers also opposes the retention provisions,[url=http://www.floware.fr]michael kors pas cher[/url]. <br />Glencore, which has scheduled a general meeting of shareholders for July 11, already holds a 34 per cent stake in the mining company. Xstrata shareholders are to vote on July 12. <br />Qatar Holding said the revised terms it is seeking "would provide a more appropriate distribution of benefits of the merger whilst properly recognizing the intrinsic standalone value of Xstrata." <br />Qatar Holding, like most Gulf sovereign investors, is not known for shareholder activism. But its decision to rapidly amass a stake in Xstrata in the past months suggested it wanted a bigger voice in the combined company, if not the merger process itself. <br />Many of its most prominent investments are in Europe. They include London's Harrods department store and stakes in Barclays PLC, Credit Suisse Group, Volkswagen AG, London Stock Exchange Group and French luxury conglomerate LVMH Moet Hennessy Louis Vuitton. <br />Qatar Holding has increasingly shown an interest in investing in natural resource businesses. Besides the Xstrata holding, it has been building stakes in European energy companies such as French oil giant Total SA, and last year invested in gold miner European Goldfields.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="http://picsrv.fora.pl/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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