Glencore extends Xstrata merger deadline to May

GENEVA (AP) — Commodities trader Glencore says its expected merger with mining company Xstrata PLC will take longer than planned to allow Chinese regulators to give approval.

Glencore, which supplies raw materials such as oil, copper and wheat and owns plants, warehouses and mines, says the deadline for the merger was extended to May 2 and is “conditional” on Chinese regulatory approval and other court matters.