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Although anti-trust regulators in Australia say that they will not oppose Glencore’s (GLCNF.PK) proposed buyout of Xstrata (XSRAF.PK), the transaction could still be problematic. The buyer must sweeten its bid or activist fund Knight Vinke threatens to vote against the merger; the 11 percent stakeholder Qatar Holding agrees.
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Honeywell (NYSE:HON), Ametek (NYSE:AME), and Danaher (NYSE:DHR) plus several private equity firms, will now pass through to the next round of bidding for Bartec, according to Reuters. Swiss firm Capvis, the owner of Bartec, which is a German supplier of safety systems that prevent explosions in oil and gas production, hopes the auction will bring some €600 million, or $765 million.
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