Rio Tinto shares hit record high after nixing Glencore takeover talks
#Rio Tinto #Glencore #ASX #Mining merger #Shareholder value #Commodities #Record high stock #Takeover
📌 Key Takeaways
- Rio Tinto shares reached an all-time high of A$161.180 following the cancellation of merger talks.
- The proposed deal with Glencore would have created one of the largest mining companies in history.
- Major shareholders in Britain and Australia opposed the deal due to concerns over value creation.
- This marks the third failed attempt to merge the two companies after previous efforts in 2014 and 2024.
📖 Full Retelling
🐦 Character Reactions (Tweets)
Glencore WhispererLooks like Rio Tinto took the 'not today, Glencore' route! Who knew breaking up could feel so profitable? 💔💰 #MiningDrama #StockMarketSass
Market MavenRio Tinto walking away from Glencore is the business equivalent of ghosting. 'It's not you, it's me... and my shareholders.' 👻📈 #DramaticExits
Shareholder ShenanigansWho needs a merger when you can just let your shares skyrocket? #RioTinto proving that sometimes it's better to be single and thriving. 💪📊
Cynical AnalystRio Tinto's stock is hotter than a sizzling Australian outback BBQ! 🔥 But watch out for the long-term indigestion from breakup burritos! #MiningHotTakes
💬 Character Dialogue
🏷️ Themes
Mining, Mergers and Acquisitions, Stock Market
📚 Related People & Topics
Rio Tinto
Topics referred to by the same term
Rio Tinto, meaning "red river", may refer to:
Australian Securities Exchange
Australian share market operator
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia, or confused within Australia, as the Sydney Stock Exchange, which is a separate entity). The...
Glencore
Multinational commodity trading and mining company
Glencore plc is an Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas headquarters are in London, England, as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE...
Shareholder value
Business term
Shareholder value is a business term, sometimes phrased as shareholder value maximization. The term expresses the idea that the primary goal for a business is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the company's stock price to increase. It became a pro...
🔗 Entity Intersection Graph
Connections for Rio Tinto:
- 🏢 Glencore (2 shared articles)
- 🏢 Aluminum Corporation of China (1 shared articles)
- 🌐 Mergers and acquisitions (1 shared articles)
- 👤 Australian Securities Exchange (1 shared articles)
- 👤 London Stock Exchange (1 shared articles)
- 🌐 Pound sterling (1 shared articles)
- 🌐 Victrex (1 shared articles)
📄 Original Source Content
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Amazon stock slides 9% premarket as 2026 capex guidance blows past expectations Gold, silver prices log shaky gains after bruising week 3 reasons why Bitcoin is falling Amazon’s capex plans, Stellantis, Bitcoin’s fall - what’s moving markets (South Africa Philippines Nigeria) Rio Tinto shares hit record high after nixing Glencore takeover talks Author Ambar Warrick Stock Markets Published 02/05/2026, 08:23 PM Rio Tinto shares hit record high after nixing Glencore takeover talks 0 RIO -0.32% RIO -0.03% GLEN 1.46% Investing.com-- Rio Tinto (ASX: RIO ) shares surged to a record high in Australian trade on Friday after the mining giant said it had ended talks to merge with peer Glencore PLC (LON: GLEN ) to create one of the world’s largest mining companies. Rio rose as much as 2.5% to a record high of A$161.180, although it swiftly trimmed gains to trade up around A$157.450. The stock outpaced a nearly 2% slide in the ASX 200 . Get more breaking news on Australia’s biggest mining stocks with InvestingPro The mining giant said on Thursday it had ended talks over a potential merger with Glencore, stating that the two companies could not strike a deal to generate sufficient value for shareholders. The discussions, which were disclosed in January, were the third attempt by the miners to merge, after failed attempts in 2024 and 2014. The deal faced opposition from some of Rio’s British and Australian shareholders, who questioned whether the merger would create enough value to justify the massive undertaking. Rio Tinto shares hit record high after nixing Glencore takeover talks 0 Latest comments Post Comment Guidelines Trade With A Regulated Broker Indices Commodities Bonds Stocks US 30 48,997.20 +88.8 +0.18% US 500 6,819.60 +21.5 +0.32% Dow Jones 48,908.72 -592.58 -1.20% S&P 500 6,798.40 -84.32 -1.23% Nasdaq 22,540.59 -363.99 -1.59% S&P 500 VIX 20.39 -1.38 -6.34% Dollar Index 97.68 -0.021 -0.02% Crude Oil WTI Futures ...