– Glencore said Wednesday that blank check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to purchase the global miner’s Cobar copper mine in Australia for $1.1 billion.

Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with modified payment terms of $775 million in cash and up to $100 million in common stock, alongside other payments.

Glencore also has the right to appoint a director MAC‘s…

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