{"id":10955,"date":"2012-05-31T22:29:11","date_gmt":"2012-05-31T20:29:11","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/xstrata-ceo-offered-30-mln-stg-deal-in-glencore-merger\/"},"modified":"2012-05-31T22:29:11","modified_gmt":"2012-05-31T20:29:11","slug":"xstrata-ceo-offered-30-mln-stg-deal-in-glencore-merger","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/xstrata-ceo-offered-30-mln-stg-deal-in-glencore-merger\/","title":{"rendered":"Xstrata CEO offered 30 mln stg deal in Glencore merger"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> May 31 (Reuters) &#8211; Xstrata Chief Executive<br \/>\nMick Davis has been offered a  retention package worth almost 30<br \/>\nmillion pounds to stay on at the helm once the miner joins<br \/>\nforces with commodities trader Glencore.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Davis, who is one of the best-paid chief executives in the<br \/>\nFTSE 100, has been offered a three-year deal, according to<br \/>\ndocuments sent to Xstrata shareholders on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>The documents confirmed Glencore&#8217;s offer of 2.8 new shares<br \/>\nfor every Xstrata share held, to conclude its long-standing plan<br \/>\nto create an integrated mining and trading powerhouse.<\/p>\n<p><span><\/span><\/p>\n<p>At current prices, given Glencore is already Xstrata&#8217;s<br \/>\nsingle largest shareholder with an almost 34 percent stake, that<br \/>\nall-share offer values the takeover bid at $30 billion.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON May 31 (Reuters) &#8211; Xstrata Chief Executive Mick Davis has been offered a retention package worth almost 30 million pounds to stay on at the helm once the miner joins forces with commodities trader Glencore. Davis, who is one of the best-paid chief executives in the FTSE 100, has been offered a three-year deal, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10955","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10955"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10955\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}