CHANGES TO DEAL: Commodities trader Glencore International and takeover target Xstrata agreed to revise terms for paying retention bonuses for Xstrata executives that had stirred some shareholder opposition to the deal.
SAVINGS TARGET: Xstrata said retention bonuses would start being paid only if combining the companies cuts costs more than $50 million a year. Bonuses will be paid in full if savings reach $300 million over two years.
DIFFICULTIES: The deal faces other issues, including Qatar Holding, 10 percent owner of Xstrata, wanting 3.25 new Glencore shares for each Xstrata share, significantly more than the 2.8 shares currently on offer.
