Rio Tinto says rejected Glencore merger approach in August
Tinto Chief Executive Sam Walsh poses for photographers at the London Stock Exchange prior to delivering the company results
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View photo
Rio Tinto Chief Executive Sam Walsh poses for photographers at the London Stock Exchange prior to delivering the company results February 13, 2014. REUTERS/Paul Hackett
MELBOURNE (Reuters) - 4 percent after rejects Rio Tinto (RIO.AX) (RIO.L) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion (£99.5 billion) mining and trading giant in August, the world No.2 miner said on Tuesday, following media reports on Glencore's ambitious plan.
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Rio said Glencore had contacted it about a potential merger in July, adding that it turned Glencore down in August and there had been no further contact between the companies on a merger.
Rio Tinto says rejected Glencore merger approach in August
Tinto Chief Executive Sam Walsh poses for photographers at the London Stock Exchange prior to delivering the company results
.
View photo
Rio Tinto Chief Executive Sam Walsh poses for photographers at the London Stock Exchange prior to delivering the company results February 13, 2014. REUTERS/Paul Hackett
MELBOURNE (Reuters) - 4 percent after rejects Rio Tinto (RIO.AX) (RIO.L) rejected a merger approach from smaller rival Glencore Plc (GLEN.L) to create a $160 billion (£99.5 billion) mining and trading giant in August, the world No.2 miner said on Tuesday, following media reports on Glencore's ambitious plan.
Related Stories
[$$] Rio Tinto Says It Rejected Glencore’s Takeover Bid The Wall Street Journal
Rio Tinto shares gain Glencore merger Reuters
Rio Rejects Glencore Approach, Has Had
Glencore Aims for Rio Tinto Deal to Create $160 Billion Miner, World's Largest Bloomberg
Glencore shares up 3.9 percent after Rio spurns No More Contact Bloombergmerger approach Reuters
Rio said Glencore had contacted it about a potential merger in July, adding that it turned Glencore down in August and there had been no further contact between the companies on a merger.