Sunday, February 12, 2012

Roubini on The Glencore-Xstrata merger deal

Nouriel Roubini :"An already oligopolistic & highly concentrated industry (mining/resources) will become even less competitive with the Glencore-Xstrata deal" said Professor Nouriel Roubini in a twitter message regarding the Glencore-Xstrata merger deal , The commodities and mining companies have agreed to a $41 billion all-share merger that would see the biggest ever deal in the mining sector , shareholders have expressed their opposition to the deal and have said that they will vote against it
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