Glencore stock price hits 501p: what to watch as Rio deadline and takeover filings pile up
Glencore shares closed up 2.2% at 501 pence Friday, near a 52-week high, after filings showed L&G, State Street, and Allan & Gill Gray Foundation each crossed the 1% ownership threshold. Investors await Glencore’s Jan. 29 production report and Rio Tinto’s Feb. 5 “possible offer” deadline as takeover speculation intensifies.