Proposes

Glencore (GLCNF) (GLNCY) has proposed to change CEO Gary Nagle’s pay package to allow him to cash ​out long-term share awards more quickly if ‌the company is taken over, the Financial Times reported Monday.

As part of the negotiations, Glencore (

Bending Spoons (BSP) has proposed an offering of approximately $1.5B in senior secured notes due 2032, subject to market conditions and other factors.

The offering comprises $1B in U.S. dollar-denominated notes and approximately $500M equivalent in euro-denominated notes. The dollar notes will be issued