Glencore, the Swiss commodities trading firm, is trying to takeover a mining company called Xstrata. And the deal just got a stamp of approval from European regulators.
Trading giant Glencore has made a new bid for mining company Xstrata, thanks in part to some deal making by British Prime Minister Tony Blair.
The merged trading and mining company would create a soup-to-nuts commodities giant that could impact prices of everything from, yes, soup to nuts.
