Rio Tinto is walking away from a $300 billion-plus deal to acquire Glencore following a month of tense negotiations that appeared to be doomed from the start.
Rio Tinto, backed by global institutional investors including BlackRock, has abandoned plans for a mega-merger with commodities trader Glencore, ending negotiations that could have created the world’s ...
Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto.
Glencore's 2011 IPO price of 530 pence per share, a level the miner and trader only surpassed a decade later, has served as a ...
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ...