When Glencore proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a few days. News this week that the two spent several months in negotiations in the ...
If either side needs to compromise on the takeover price to get a transaction done, it’s Glencore that needs to make ...
RBC analyst Kaan Peker said in a note to clients that a deal for Glencore would provide a clean exit for large investors including its largest shareholder and former CEO Ivan Glasenberg who owns a ...
Glencore merger appears stalled and a BHP-Anglo American tie-up is indefinitely postponed, but copper mining is already top ...
Rio Tinto (ASX:RIO) and Glencore (LON:GLEN) , two of the world’s largest mining companies, have been in discussions about a ...
Glencore has dealmaking in its DNA. Founded as a commodity trader in 1974, it built up its mining business almost entirely through acquisitions. Under former chief executive Ivan Glasenberg ...
History Repeats Glencore, which previously proposed a merger with Rio in 2014, has been one of the most aggressive dealmakers in the sector. Its former CEO Ivan Glasenberg, who spearheaded the ...
A Glencore spokesman said the company did not comment on market rumour or speculation. Rio Tinto declined to comment. Any deal is likely to hinge on the support of Ivan Glasenberg, the ...
Glencore boss Ivan Glasenberg accused Rio of misunderstanding the iron ore market, while his counterpart at Rio criticized Glencore’s traders as short-termist. But when Glencore reached out ...