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FBN’s Diane Macedo with news that Xstrata’s board supports Glencore’s revised takeover bid, and a morning futures update.
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Good morning everyone I'm -- the -- Glen course 33 billion dollar takeover bid for Xstrata is one step closer to becoming a done deal.
After the miner's board approved the plan the big does still face opposition from major Xstrata shareholders over retention bonuses for executives.
But Xstrata is asking those investors to support the deal even if they don't agree.
With that proposed incentive plan -- -- also says.
Its current chief executive Mick Davis will be replaced on the board after leaving the company by an -- executive.
Checking futures now we have seen.
Green arrows across the board -- morning Dow futures are up by 63.
Yes and he's up by six the nasdaq's up by fourteen looking at commodities though those are in the red -- down about fifty cents gold down three bucks.
Imus in the morning continues right now on Fox Business.
