Commodities trader, Glencore unexpectedly adjourned a meeting over the deal to acquire Xstrata, indicating that it might have revised its deal for the mining company.

The company did not gave much information and only said that it is considering options and will update the market in due time. Soon after he short meeting in Zug, Switzerland, Glencore did not discuss what options it is considering relating to its the $34 billion offer to acquire Xstrata.

Glencore has also surprised the market by asking for temporary suspension of its shares in London and Hong Kong. The company immediately adjourned the meeting citing "very recent" overnight developments.

Chairman Simon Murray explained the meeting is being delayed due to “very recent developments, overnight developments, we have been unable to give you warning.” He apologized to those who showed up for the meeting and pointed out that events happened very recently.

Glencore chief executive Ivan Glasenberg had recently expressed surprised over the actions of Qatar Holdings, which has increased its stake in Xstrata to 11.88 per cent and has almost caused a collapse of a takeover of Xstrata by Glencore. Qatar Holdings is now demanding that Glencore increase its offer from 2.8 shares for each Xstrata share to 3.25 shares.

Glencore is a major commodities trading player that buys and sells commodities like metals, crops and fuels in the financial markets and invests in mining companies.