Posts tagged: Glencore

Glencore 'studying' an approach for Anglo American, reveals Reuters

Thursday, 2 May 2024, 8:33 pm

Reuters have gone early with the Anglo American counter bid story, suggesting Glencore is 'studying' the possiblity of submitting a rival approach for Anglo American.

The Reuters story follows some well timed comment piece by little old Betaville's chum Oliver "Shahsy" Shah of The Sunday Times, who suggested Glencore was the most lilely counter bidder

Below is a link to the Reuters piece:..


Barrick Gold is a potential counter bidder for Anglo American, suggests Kleinman in City AM

Thursday, 2 May 2024, 9:03 am

Mark "The Kleinmanator" Kleinman of Sky News has been on a bit of roll in recent weeks (although not sure he can claim the bragging rights for the Banco de Sabadell takeover bid story - wink wink) so I thought it might be worth pointing out some of the most interesting nuggests from this week's City AM column...


Deals, Deals, Deals ... in a bear market - Part 61

Tuesday, 14 November 2023, 7:20 am

Glencore has just shown going "hostile" in takeover negotiations is one way to get what you want.

The FTSE 100-listed mining group has just announced a deal to buy 77pc of Teck Resources steelmaking coal division for $6.93 billion.

Canada's Tech Resources and Glencore, now led by Gary Nagle, came to the agreement after months of talks that saw the latter make an unsolicited offer in May for the whole of the former. Below is a link to this morning's announcement:..


Deals, Deals, Deals ... in a bear market - Part 47

Tuesday, 13 June 2023, 4:41 pm

There has been plenty of whining in the British press about the lack of takeover deals since the beginning of the year.

But over on the other side of Atlantic the multi-billion dollar deals keep on getting announced.

US-listed Bunge, for example, just announced the takeover of rival grain trader Viterra, in which FTSE 100-listed Glencore has a large stake, as part of $8.2 billion cash and stock deal. Below is the link:..


Glencore eyeing £70 billion merger with Rio Tinto, suggests Australian Financial Review's Street Talk column - Part 2

Thursday, 21 November 2019, 11:28 am

Apologies loyal readers. It seems Betaville might have got slightly the wrong end of the stick when noting the Australian Financial Review's piece about the Glencore / Rio Tinto merger talk.

It would appear the AFR's Street Talk column is in fact suggesting Rio Tinto is looking at taking a run at Glencore and combination is more likely to lead to an £80 billion market capitalisation company. Below is the link to the AFR's piece:..