When a big M&A deal fails, it often ends up with one side viewed as damaged goods. The stock market was quick to give its verdict on Thursday after Rio Tinto Plc and Glencore Plc abandoned talks to create the world’s largest mining company. Rio shares fell 2.5%, Glencore plunged 7%. Zoom out, though, and both companies have taken a hit. Each now faces, alone, the enormous problems they wanted to solve with a merger.
www.bloomberg.com
#Rio #Tinto #Glencore #Losers
Rio Tinto and Glencore Are Both Losers
