Glencore’s Bid to Buy Xstrata Is Increased at the 11th Hour

LONDON — Glencore, the world’s largest commodities trader, saved its megamerger with Xstrata from collapse on Friday by sweetening its offer for the large multinational mining company.

Glencore and Xstrata in talks over $82bn 'merger of equals'

Commodities trader Glencore and mining giant Xstrata are in discussions on an $82bn (£50m) merger to create a company that would dominate the global mining industry.