SLI and Schroders' Buxton to vote against Glencore-Xstrata deal

Xstrata's fourth largest shareholder, Standard Life Investments, said it will vote against the recommended merger between the miner and Glencore because the deal "clearly undervalues" the miner.

Schroders' head of UK equities Richard Buxton told Reuters he supported SLI's position. Xstrata is the sixth largest holding in Buxton's £2.5bn Schroder UK Alpha Plus fund at 3.4% of the portfolio...

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