Rio Tinto and Glencore - To merge or not to merge..
Morgans Financial Limited
Rio Tinto and Glencore - To merge or not to merge... Last week RIO announced it had been approached by Glencore (GLEN.LSE) regarding the potential for a merger which was rejected back in August. We don't know if Glencore will come back to the table but it is clear that M&A activity has stepped up the ladder to the top tier miners. Clearly the super-majors see value in such deals for long term multi-decade growth - effectively the smart money is looking to buy and this could be signalling we are close to a bottom in the cycle. Read more on the Morgans blog: (VIEW LINK)
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.