Glencore-Rio
Tinto merger will happen, hedge funds told
Carl
Surran, SA News Editor
- Various hedge funds were told this month by a prominent London mining banker to prepare for an all-but-inevitable takeover of Rio Tinto (NYSE:RIO) by Glencore (OTCPK:GLCNF, OTCPK:GLNCY), Bloomberg reports.
- Former JPMorgan Chase dealmaker Ian Hannam, who now runs a boutique advisory firm, reportedly convened reps of more than 20 investors to share his views on the potential deal, perhaps intended in part to help position his firm to win a role in the transaction.
- Glencore said last month it had abandoned a bid for Rio after a July proposal worth ~$160B was rebuffed..
Quote:
The Rainmaker is back and says GlenTinto merger ‘all-but-inevitable’
POSTED ON November 24, 2014 BY Travis McPherson
CATEGORY Glencore, Ian Hannam, Rio Tinto, Stories,
Ian Hannam, often referred to as the “The Rainmaker” (also “the King of Mining”), headed up JPMorgan’s mining business and has advised on most of the major mining deals over the past 15 years, including the $90 billion merger between Glencore and Xstrata in 2012. Nobody has done more mining deals than Hannam..
Link: http://ceo.ca/2014/11/24/the-rainmaker-is-back-and-says-glentinto-merger-all-but-inevitable/
Quote #2:
Elefantenhochzeit im Bergbausektor zunächst gescheitert: Rio Tinto erteilt Glencore/Xstrata eine Abfuhr
Es wäre der mit Abstand größte Deal in der Minenbranche während der letzten Jahre. Noch viel größer als der Merger zwischen Glencore und Xstrata vor geraumer Zeit. Doch der Rohstoffgigant Rio Tinto erteilt der kleineren Glencore/Xstrata zunächst eine Absage..
Link: http://rohstoffaktien.blogspot.de/2014/10/elefantenhochzeit-im-bergbausektor.html
Keine Kommentare:
Kommentar veröffentlichen