Glencore CEO rebuffs talk of Anglo American bid

|About: Anglo American plc (AAUKF)|By:, SA News Editor

Glencore (OTCPK:GLCNF, OTCPK:GLNCY) CEO Ivan Glasenberg rejects speculation about a possible takeover of Anglo American (OTCPK:AAUKF, OTCPK:AAUKY), saying the miner is interested only in assets it already trades.

“With Anglo, we don’t trade diamonds... and we don’t trade platinum,” Glasenberg says.

A Jefferies analyst wrote yesterday that a Glencore bid for Anglo is increasingly possible as the stock widens its outperformance over its smaller rival, and Anglo CEO Mark Cutifani told WSJ yesterday his company is open to takeover offers.