Rio Tinto stock slides on Glencore merger talks as Feb 5 takeover deadline looms
Rio Tinto shares fell 3.04% Friday after confirming early merger talks with Glencore, closing at 6,006p in London. The potential all-share deal, which could create a $207 billion mining giant, faces a Feb. 5 deadline under UK rules. Glencore stock jumped 9.6%. Rio said discussions are preliminary and no offer is guaranteed.