Rio Tinto and Glencore spoke for months about deal that was once taboo
The news of Glencore and Rio’s discussions “has turned up the temperature on an already simmering M&A environment,” RBC Capital Markets analyst says.
First there were six. Now there’s three more. What’s going on in the coal-fired utility business? FirstEnergy of Ohio plans to close by September those 9 units, which supply as much as 13 percent of the company’s electricity.
