Rio Tinto Expected to Offer Premium to Buy Glencore -- Market Talk

Dow Jones

01/19

0216 GMT - RBC Capital Markets expects Rio Tinto will make an all-scrip offer for Glencore valued roughly 27% higher than the Swiss miner's undisturbed share price. "A merger of Glencore and Rio Tinto that was thought by many as an unserious conversation just over a year ago, has now found its sweet spot after a strong copper rally, heightened resource scarcity fears and an Argentina turnaround," RBC says in a note. Yet the structure of any bid "has prompted plenty of debate" and won't be straightforward, the broker says. RBC reckons Rio Tinto should offer to buy the whole business without a requirement for carve outs. "Otherwise it might open [the] door to BHP" to make a rival bid, RBC says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 18, 2026 21:16 ET (02:16 GMT)

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Yet the structure of any bid \"has prompted plenty of debate\" and won't be straightforward, the broker says. RBC reckons Rio Tinto should offer to buy the whole business without a requirement for carve outs. \"Otherwise it might open [the] door to BHP\" to make a rival bid, RBC says. 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Yet the structure of any bid \"has prompted plenty of debate\" and won't be straightforward, the broker says. RBC reckons Rio Tinto should offer to buy the whole business without a requirement for carve outs. \"Otherwise it might open [the] door to BHP\" to make a rival bid, RBC says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 18, 2026 21:16 ET (02:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604906255","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604906255","pubTimestamp":1768788960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0216 GMT - RBC Capital Markets expects Rio Tinto will make an all-scrip offer for Glencore valued roughly 27% higher than the Swiss miner's undisturbed share price. \"A merger of Glencore and Rio Tinto that was thought by many as an unserious conversation just over a year ago, has now found its sweet spot after a strong copper rally, heightened resource scarcity fears and an Argentina turnaround,\" RBC says in a note. Yet the structure of any bid \"has prompted plenty of debate\" and won't be straightforward, the broker says. RBC reckons Rio Tinto should offer to buy the whole business without a requirement for carve outs. \"Otherwise it might open [the] door to BHP\" to make a rival bid, RBC says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK7095":"多种金属与采矿","BK4168":"多种金属与采矿","BK7507":"资源股","RIO":"力拓","BK4585":"ETF&股票定投概念","GLNCY":"Glencore Plc","RIO.AU":"力拓","BK7511":"ESG概念"},"translate_title":"力拓预计将溢价收购嘉能可——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIO.AU":0.9,"RIO":0.9,"GLNCY":0.9},"content_text":"0216 GMT - RBC Capital Markets expects Rio Tinto will make an all-scrip offer for Glencore valued roughly 27% higher than the Swiss miner's undisturbed share price. \"A merger of Glencore and Rio Tinto that was thought by many as an unserious conversation just over a year ago, has now found its sweet spot after a strong copper rally, heightened resource scarcity fears and an Argentina turnaround,\" RBC says in a note. Yet the structure of any bid \"has prompted plenty of debate\" and won't be straightforward, the broker says. RBC reckons Rio Tinto should offer to buy the whole business without a requirement for carve outs. \"Otherwise it might open [the] door to BHP\" to make a rival bid, RBC says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 18, 2026 21:16 ET (02:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}