Glencore is under pressure to improve the terms of its $30bn offer for Xstrata after the latter proposed new compensation arrangements, and a leading shareholder came out against the deal.
Qatar Holding, which owns around 11% of Xstrata, said last night that Glencore should offer 3.25 of its shares for every Xstrata share, rather than the 2.8 tabled as part of the original deal. T...
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