A few nervous bid arbitrageurs have their eyes are on the Qataris right now — wondering, expectantly, whether the Gulf state’s sovereign wealth fund will now support the takeover merger of equals between Glencore and Xstrata.
The Glenstrata share ratio has been hiked and the Qataris, it is assumed, don’t really care about the size of retention bonuses at Xstrata. But a public endorsement of the deal was noticeably lacking on Monday…
That leaves us room to share the following speculation, which may or may not have a material impact on Glenstrata actually becoming a reality.
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