Glencore, Xstrata $70B deal could collapse over $200M in payments, WSJ reports

For shareholders, $200M of planned payments to about 70 Xstrata (XSRAY) managers over two years to keep them there after the $70B merger with Glencore (GLNCY), could derail the entire merger, reports the Wall Street Journal. Xstrata's board has until early Monday to decide whether to endorse a recently amended merger proposal from Glencore. While Xstrata's board supports the deal in principle, it is caught between the demands of its own shareholders and Glencore's negotiators. If they can't find common ground it may be forced to withhold its support, which would likely doom the deal, the Journal said.

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