Katanga Mining has been taken private by Glencore International AG after shareholders voted overwhelming in favor of a definitive agreement to amalgamate the company with 836074 Yukon Inc, a wholly-owned Katanga subsidiary.
A special meeting of shareholders was held on Tuesday June 2, with the deal - recommended by the Katanga board - getting 99.9% approval during a vote.The result of the vote, which required a two-thirds majority, was never in doubt. Glencore, which owns 99.5% of Katanga's issued and outstanding common shares, had said it planned to vote...