Glencore digs deeper for Xstrata

Swiss commodities trader Glencore raised its offer for miner Xstrata on the day of a deadline for it getting the go ahead.

The last minute sweetener is an attempt to rescue the merger deal which is one of the largest ever in the mining sector.

Qatar's sovereign wealth fund, which is a major Xstrata shareholder with 12 percent of the stock, had been holding out for more.

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