0133 GMT - A Bloomberg report saying that Rio Tinto and Glencore have discussed combining their businesses comes as a surprise to RBC Capital Markets analysts Kaan Peker and Ben Davis. For one, Rio Tinto has exited the coal industry, while coal giant Glencore has added assets, they say in a note. Peker and Davis wonder whether the talks followed BHP's takeover tilt at Anglo American last year. Cost benefits are hard to gauge, they say. There could be some in aluminum or copper operations, but they would likely be small, they say. "We would not expect a straight merger to happen as we believe Rio shareholders would see it as favoring Glencore," say the analysts. "But its possible there is a deal structure out there that could keep both sets of shareholders and management happy." Rio Tinto is down 0.7% in Sydney at A$118.82. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 16, 2025 20:33 ET (01:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。