Rio Tinto and Glencore Walk Away from Mega-Merger, but Mining M&A Marches On
The collapse of merger talks between Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Glencore (LSE:GLEN,OTCPL:GLCNF) has ended what would have been the mining industry’s largest-ever deal. The two companies confirmed last week that discussions over a potential US$260 billion combination have been abandoned after they failed to agree on terms that would deliver shareholder value. The deal, revived […]
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