Glencore stock steady as Rio Tinto lines up banks for possible takeover
London, 14 Jan 2026, 08:16 GMT — Regular session Glencore plc (GLEN.L) held steady at 470.2 pence in early London trading Wednesday, reflecting last week’s takeover rumors already baked into the price. (Glencore) Rio Tinto has tapped JPMorgan, Evercore, and Macquarie to advise on a possible Glencore takeover, according to a source close to the matter who spoke to Reuters. The banks are competing for a mandate that could generate fees topping $100 million. Glencore itself hasn’t officially hired an adviser yet, another insider mentioned. (Reuters) The adviser line-up matters as it signals a shift from initial discussions to the