Glencore Resets After Rio Tinto Talks End As Valuation Questions Linger
Glencore and Rio Tinto have ended high profile merger talks that would have created the world's largest mining group. Glencore argued that the proposed terms undervalued its copper business and future growth pipeline. With the merger off the table, Glencore is expected to look at options such as demergers and new M&A opportunities to create value for shareholders. LSE:GLEN now trades at £4.781, with the share price up 17.0% year to date and 37.1% over the past year. Over a 5 year period the...
Glencore and Rio Tinto have ended high profile merger talks that would have created the world's largest mining group. Glencore argued that the proposed terms undervalued its copper business and future growth pipeline. With the merger off the table, Glencore is expected to look at options such as demergers and new M&A opportunities to create value for shareholders. LSE:GLEN now trades at £4.781, with the share price up 17.0% year to date and 37.1% over the past year. Over a 5 year period the...