Glencore Confirms Early Talks on Potential Merger With Rio Tinto

Glencore has confirmed it is in preliminary discussions with Rio Tinto over a possible combination of some or all of their businesses, responding to recent market speculation around a potential mega-merger in the global mining and commodities sector. In a regulatory announcement released under the UK Takeover Code, Glencore said the talks could include an all-share merger, structured through the acquisition of Glencore by Rio Tinto via a court-sanctioned scheme of arrangement. The company stressed that di ...