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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rio Tinto Limited | ASX:RIO | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.41 | -0.32% | 129.06 | 129.04 | 129.06 | 129.55 | 128.55 | 129.40 | 136,000 | 01:56:49 |
From May 2019 to May 2024
By Tapan Panchal
LONDON-- Glencore PLC said Friday it has submitted a sweetened all-cash offer of $2.68 billion for Rio Tinto PLC's Australian coal assets, days after its previous bid was rebuffed.
The mining-and-commodities trading giant said its offer for Coal & Allied Industries Ltd. is fully funded and is at least $225 million greater than an offer made by Yancoal Australia Ltd.
Rio Tinto on Tuesday rebuffed Glencore's previous $2.5 billion offer and recommended that shareholders approve Yancoal's $2.45 billion bid, in part because it expects to complete the deal faster than one with Glencore.
Shares of Glencore were down 0.8% in Friday afternoon trading.
Write to Tapan Panchal at Tapan.Panchal@wsj.com
(END) Dow Jones Newswires
June 23, 2017 10:07 ET (14:07 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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