Glencore stock in focus as BHP bows out and Rio takeover clock ticks
BHP has ruled out a bid for Glencore, while Rio Tinto continues takeover talks. Glencore shares closed Monday at 468.50 pence, up 3.5%, hitting a 52-week high. BlackRock disclosed a 6.88% stake in Glencore under UK takeover rules. Rio faces a Feb. 5 deadline to make an offer.