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Albert Huddleston is an anchor investor in Glencore's proposal to acquire a controlling interest in Canada's Sherritt International Corp. The consortium's proposal would provide Sherritt with fresh capital in exchange for at least 55% of the company's fully diluted shares. Sherritt is currently in exclusive negotiations with Gillen Capital, but a consortium headed by Glennon — which includes one of Sherritt's largest creditors — is challenging Sherritt in court and requesting a shareholder vote.
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Albert Huddleston is an anchor investor in Glencore's proposal to acquire a controlling interest in Canada's Sherritt International Corp. The consortium's proposal would provide Sherritt with fresh capital in exchange for at least 55% of the company's fully diluted shares. Sherritt is currently in exclusive negotiations with Gillen Capital, but a consortium headed by Glennon — which includes one of Sherritt's largest creditors — is challenging Sherritt in court and requesting a shareholder vote.
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