BHP stock rises as it stays out of the Rio-Glencore chase — what investors watch next
BHP’s U.S. shares rose 1.7% to $62.80 after sources said the miner won’t pursue a rival bid for Glencore, instead watching Rio Tinto’s takeover talks. BHP declined to comment. Rio Tinto’s U.S. shares gained 2.1% to $82.88, while Freeport-McMoRan jumped 3.8%. BHP granted nearly 4 million performance rights in a routine filing, listing 5.08 billion shares outstanding.