UPDATE 14th APRIL 2014 Glencore Xstrata announced that it will acquire Caracal Energy (deal ID 13517). As a result Caracal terminated the proposed merger with TransGlobe Energy. Termination was on the basis that the unsolicited proposal from Glencore constitutes a Superior Proposal. Caracal paid TransGlobe a termination fee of US$9.25 million as required under the terms of the Proposed TransGlobe Merger. We have removed the Caracal TransGlobe deal from the database.