The long-awaited merger deadline between mining giants Glencore and Xstrata has been extended to May 2.
Glencore International PLC announced on April 2 that the date for the $76-billion merger has been extended with the consent of Xstrata and the takeover panel.
In a document filed with the stock exchange, Glencore cited Chinese regulatory approval as the main holdup of the deal.
This is the fifth delay of the merger since it was first announced last February.
