John Bond News
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Glencore Xstrata Plc appointed former BP Plc Chief Executive Officer Tony Hayward as interim chairman after John Bond was ousted by shareholders of the world’s largest exporter of power-station coal.
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Glencore Xstrata Plc Chairman John Bond was voted out by shareholders at the first annual general meeting of the world’s biggest exporter of power-station coal.
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Glencore International Plc, the largest publicly traded commodities supplier, said it completed its $29 billion takeover of Xstrata Plc and that the combined group will begin trading tomorrow in London.
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Andrew Cader, former head of Goldman Sachs Group Inc.’s Spear, Leeds & Kellogg LP, was sued by Steel Partners LLC Chairman and Chief Executive Officer Warren Lichtenstein over claims he helped wrongly inflate child support payments for the mother of Lichtenstein’s 5-year-old daughter.
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Glencore International Plc, the largest publicly traded commodities supplier, said it expects to close the $30 billion takeover of Xstrata Plc next month after agreeing with Chinese regulators to sell a Peru copper mine.
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Glencore International Plc, the largest publicly traded commodities supplier, said it expects to close the $30 billion takeover of Xstrata Plc next month after agreeing with Chinese regulators to sell a Peru copper mine.
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Mick Davis, chief executive officer of Xstrata Plc, said the sale of the Las Bambas copper mine, a step required by China for the takeover by Glencore International Plc to proceed, prompts “surprise and sadness.”
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Glencore International Plc’s Chief Executive Officer Ivan Glasenberg navigated a nine-month takeover of Xstrata Plc to emerge with his $31 billion prize, the top job and a chance of selecting the group’s new chairman.
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Former Manchester City and Norwich soccer manager John Bond has died at age 79, the clubs said on their websites.
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Glencore International Plc’s $31.5 billion takeover of Xstrata Plc was approved by investors, leaving clearance by regulators in Europe and China as the remaining hurdles for the year’s biggest deal.
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