M&A

Glencore returns with higher offer

THE battle for Rio Tinto's Coal & Allied business isn't over, with Glencore increasing its offer on Friday night.

Kristie Batten
Glencore returns with higher offer

Glencore has increased its offer from US$2.55 billion cash, plus a coal price-linked royalty, to $2.675 billion, plus royalties. Rio’s preferred bidder Yancoal Australia has offered $2.45 billion, plus...

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