Rio Tinto and Glencore abandon revived $260bn merger plan
After weeks of talks mining companies say they cannot reach a deal that delivers value for shareholdersRio Tinto and Glencore have abandoned plans for a $260bn merger, walking away from a deal that would have created the world’s largest mining company.Rio Tinto said it was no longer considering a “merger or other business combination” with Glencore after it “determined that it could not reach an agreement that would deliver value to its shareholders”. Continue reading...
After weeks of talks mining companies say they cannot reach a deal that delivers value for shareholders
Rio Tinto and Glencore have abandoned plans for a $260bn merger, walking away from a deal that would have created the world’s largest mining company.
Rio Tinto said it was no longer considering a “merger or other business combination” with Glencore after it “determined that it could not reach an agreement that would deliver value to its shareholders”. Continue reading...
What's Your Reaction?
