Rio Tinto stock slides on revived Glencore merger talks as Feb 5 deadline nears
Rio Tinto shares fell 2.2% in London after confirming early-stage merger talks with Glencore, which jumped 10%. Investors voiced concerns about coal exposure and possible overpayment. Rio faces a Feb. 5 UK takeover deadline to make a firm offer or walk away. The next update is Rio’s Jan. 21 operations review.