Telegraph – Funds including Pine River Capital Management, Arrowgrass Capital Partners and Och-Ziff have taken a series of complex positions in both Glencore and Xstrata.
But the moves are at odds with a number of Xstrata’s blue-chip shareholders – led by Schroders and Standard Life – which have publicly dismissed the current premium, which will see one Xstrata share valued at 2.8 Glencore shares.
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