Glencore stock jumps 8% on Rio Tinto merger talks as Feb 5 deadline looms
Glencore shares jumped 8.4% in London after confirming preliminary talks with Rio Tinto on a possible all-share deal. Rio has until Feb. 5 to announce a firm offer or withdraw. Glencore also disclosed an 8.4 million share buyback from UBS. Next updates are scheduled for Jan. 29 and Feb. 18.