For Glencore, Rio Tinto Takeover Harder Than Xstrata Deal
A Rio Tinto takeover would be harder for Glencore than its 2012 merger with a rival, Xstrata. There’s some logic to a tie-up with Rio Tinto, the world’s second-biggest iron ore producer, but Glencore, a Swiss mining company, will be loath to pay a big premium, and the culture clash would be extreme. Rio is also in a better position than Xstrata to resist.
Read more at: http://mobile.nytimes.com/blogs/dealbook/2014/10/07/for-glencore-rio-tinto-takeover-harder-than-xstrata-deal/
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