Rio Tinto, Glencore Abandon Merger Talks for 3rd Time
Both firms maintain offices in the United States and are actively involved with American businesses.
Rio Tinto, Glencore Abandon Merger Talks for 3rd Time Rio Tinto has decided not to pursue a merger or any business combination with Glencore. The company determined that an agreement could not be reached that would benefit its shareholders. This decision ends discussions that would have created the world’s largest mining company.
- Rio Tinto will not merge with Glencore.
- Discussions for a business combination have ceased.
- Rio Tinto’s decision was based on an inability to reach an agreement delivering shareholder value.
- A merger would have formed the world’s largest mining company.
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