Risk Arbitrage: Glencore-Xstrata

This case presents the merger of two companies. On the one hand, Glencore International plc is a leading integrated producer and marketer of commodities, with worldwide activities in the marketing of metals and minerals, energy products and agricultural products. It is involved in the refinement, processing, storage and transportation of these products. On the other hand, Xstrata is one of the world´s largest mining and metals companies - a major producer of seven commodities used in everything from construction to mobile phones. This Anglo-Swiss multinational company headquartered in Zug, Switzerland, has operations in more than 20 countries and employs more than 70,000 people globally.