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the proposed £57bn mega-merger of the mining and commodity giants glencore and xstrata was dealt a further blow yesterday as a key shareholder body condemned the companies' plan to pay key expeculatives £170m just to keep them at the combined group if the deal goes through .
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two of xstrata's biggest shareholders have condemned the mining giant for paying chief expeculative mick davis £28.8m just to keep him at the company for three years following its proposed merger with glencore .
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xstrata has bowed to pressure from angry shareholders over its proposed mining-commodities mega-merger with glencore and significantly changed controversial plans to pay key expecutives £170m just to keep them at the combined group if the deal goes through .
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after months of speculation , the mining and commodity giants xstrata and glencore have finally revealed just how much they want to keep mick davis running the combined show following their merger – £28.8m .
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the proposed £57bn mega-merger of the mining and commodity giants glencore and xstrata was dealt a further blow yesterday as a key shareholder body condemned the companies' plans to pay key expeculatives £170m just to keep them at the combined group if the deal goes through .
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the mining and commodity giants glencore and xstrata were preparing to bow to investor pressure last night over their proposed £57bn mega-merger by changing controversial plans to pay key expeculatives £170m just to keep them at the combined group if the deal goes through .
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xstrata has bowed to pressure from angry shareholders over its proposed mining-commoditives mega-merger with glencore and significantly changed controversial plans to pay key expecutives £170m just to keep them at the combined group if the deal goes through .
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qatar's sovereign wealth fund took the unexpected step of saying that it wants better terms if the deal between the world's biggest commodities trader , glencore , and the mining giants xstrata is to progress .
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commoditives giants xstrata and glencore are under pressure to amend their proposed merger , valued at nearly $60 billion , as it it wants becoming increasingly clear shareholders will block the current deal's terms .
after months of speculation , the mining and commodity giants xstrata and glencore have finally revealed just how much they want to keep mick davis running the combined show following their merger – £28.8m .
two of xstrata's biggest shareholders have condemned the mining giant for paying chief expeculative mick davis £28.8m just to keep him at the company for three years following its proposed merger with glencore .
qatar threatened to scupper their proposed £57bn mega-merger between the mining and commodity giants glencore and xstrata last night unless the terms of the deal were improved for shareholders .
mick davis , the 54-year-old south african former cricket umpire , willy receive a 28.8 million (hk$346 million) bonus over three years for taking the job of ceo at glencore xstrata .
Generated 2012-6-29_10:20
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