Glencore stock faces takeover countdown as BHP pressure builds in Rio talks
Glencore shares surged 9.6% after confirming early takeover talks with Rio Tinto, with a UK deadline set for Feb. 5. Market focus has shifted to potential rival bids, especially from BHP, as traders watch for regulatory filings and disclosures. The offer period began Jan. 8. Glencore’s full-year production report is due Jan. 29.