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Glencore still open to 'mega-miner' deal after Rio collapse

ByYahoo Finance
1 day ago
Source:Yahoo Finance
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Swiss resources giant Glencore is still open to a transformative merger with another mining group, its CEO said Wednesday, two weeks after dropping a plan to combine with British-Australian miner Rio Tinto.But when announcing the end of merger talks this month, Glencore said the terms offered by Rio "significantly undervalued Glencore's underlying relative value".

Swiss resources giant Glencore is still open to a transformative merger with another mining group, its CEO said Wednesday, two weeks after dropping a plan to combine with British-Australian miner Rio Tinto.But when announcing the end of merger talks this month, Glencore said the terms offered by Rio "significantly undervalued Glencore's underlying relative value".

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