Rio Tinto CEO:
No chance of a Glencore merger
Yoel
Minkoff, SA News Editor
- Rio Tinto (NYSE:RIO) will not be taken over by rival Glencore (OTCPK:GLNCY) because there is no
value in it for shareholders and regulators will never let it
happen, announced Rio Tinto chief executive Sam Walsh.
- Rio snubbed a takeover approach from Glencore last
August to create a $160B mining and trading giant, but Glencore never
ruled out making a fresh attempt.
- Under U.K. rules, it could return with an offer from
April onward.
- Previously: Glencore
confirms it is no longer considering merger with Rio Tinto
(Oct. 07 2014)
- Previously: Rio
Tinto says it turned down Glencore merger idea in August (Oct.
06 2014)
Quelle: bigcharts.com
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