Rio Tinto<\/a>… about a possible combination of some or all of their businesses, which could include an all-share merger between Rio Tinto and Glencore,” a statement said. <\/p>\n“The parties’ current expectation is that any merger transaction would be effected through the acquisition of Glencore by Rio Tinto by way of a Court-sanctioned scheme of arrangement. <\/p>\n
“There is no certainty that the terms of any transaction or offer will be agreed, nor as to the terms or structure of any such transaction or offer, if agreed.” <\/p>\n
It said that under the code, Rio Tinto was required, by not later than 5pm on 5 February, to either announce a firm intention to make an offer for Glencore or walk away. <\/p>\n
The FT reported that pressure to do a deal had intensified since the merger of Anglo American and Teck Resources, which raised industry stakes in the race to secure record-priced copper, amid rising prices for many commodities including rare earth minerals. <\/p>\n
Rio Tinto also confirmed “preliminary discussions” shortly after US markets had closed and also said that there was no certainty of a deal. <\/p>\n","protected":false},"excerpt":{"rendered":"Glencore is in talks with rival Rio Tinto that could lead to merger and the creation of the…\n","protected":false},"author":2,"featured_media":101963,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[132,50327,1084],"class_list":["post-101962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-glencore","tag-merger-transaction","tag-rio-tinto"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116905024328479682","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/101962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=101962"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/101962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/101963"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=101962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=101962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=101962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}