Fidelity wants better terms in Glenstrata deal

Fidelity Worldwide Investment, a leading shareholder in both mining company Xstrata and Glencore has said it supports the proposed merger between the two "in principle" but wants improved terms. "We are supporters of the deal in principle but we think the terms need to be revisited," said a source at the investment manager who said it holds a 2.3% stake in Glencore and 1.5% in Xstrata.

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