News Summary: Glencore, Xstrata change merger deal

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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.

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