- The shackles keeping Glencore (OTCPK:GLCNF, OTCPK:GLNCY) CEO Ivan Glasenberg from grabbing control of Rio Tinto (NYSE:RIO) will be removed next week when a U.K. takeover rule barring a hostile offer expires, but recent share price moves are likely to keep Glasenberg's desires in check for now, Bloomberg reports.
- While both companies are weathering the commodity price rout, Glencore is down 15% since its approach was revealed in October, vs. a 6% drop in Rio, giving it a market value about £14B ($21B) more than its rival; as of yesterday, Glencore was valued at £37.1B vs. Rio's £51.6B.