* Delay allows further pre-notification talks with EC
* Shareholder meetings to approve deal now due early July
LONDON, April 13 - Documentation relating to commodities
trader Glencore's $37 billion takeover of miner Xstrata
will be sent to shareholders a month later than
previously anticipated, the companies said on Friday.
Glencore and Xstrata said they still expected to receive all
relevant approvals to enable completion of the merger in the
third quarter of 2012 and described discussions with regulatory
authorities as constructive.
The delay to the paperwork will give the companies time to
hold more extensive talks with European Commission competition
regulators prior to an official notification about the proposed
$90 billion combination.
That notification, once acknowledged by the Commission, will
kick off a 25-day period in which the regulator will decide
whether to approve the deal or begin an in-depth probe into the
plan to create the world's fourth-largest miner.
The companies said in February that the deal would face
European Commission antitrust scrutiny, kicking off a global
regulatory process that could take months.
The two firms said then that they had agreed to officially
notify the commission about the deal.
Glencore and Xstrata said on Friday that documentation
relating to the merger is now anticipated to be distributed to
each company's shareholders by the end of May 2012 instead of in
April as originally announced in February.
The delay will also allow the companies to put out first
quarter updates in May. Xstrata is due to give a first quarter
update on May 1 with Glencore due to update on May 9.
The companies said shareholder meetings to approve the
merger are now expected to take place in early July 2012.
Shares in Glencore were up 0.9 percent to 408.4 pence at
0820 GMT. Xstrata shares were up 1.3 percent to 1,120 pence.