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Rio Tinto and Glencore abandon revived $260bn merger plan

After weeks of talks mining companies say they cannot reach a deal that delivers value for shareholders

Rio Tinto and Glencore have abandoned plans for a $260bn merger, walking away from a deal that would have created the world’s largest mining company.

Rio Tinto said it was no longer considering a “merger or other business combination” with Glencore after it “determined that it could not reach an agreement that would deliver value to its shareholders”.

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from The Guardian https://ift.tt/K3M9F0J
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