Glencore-Rio Merger Will Happen, Banker Hannam Tells Hedge Funds
2014-11-24 18:28:52.815 GMT
By Matthew Campbell, Jesse Riseborough and Dinesh Nair
Nov. 24 (Bloomberg) -- Hedge funds including GLG Partners,
DE Shaw and Pentwater Capital were told this month by prominent
London mining banker to prepare for all-but-inevitable takeover
of Rio Tinto Group by Glencore, Bloomberg reports, citing people
familiar w/ the meeting.
* RIO, Glencore, Pentwater, Hannan & Partners declined to
comment
* DE Shaw and GLG couldn’t immediately be reached
* RIO shrs off lows
Story: NSN NFK32U6K51UC<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Larry DiTore
2014-11-24 18:28:52.815 GMT
By Matthew Campbell, Jesse Riseborough and Dinesh Nair
Nov. 24 (Bloomberg) -- Hedge funds including GLG Partners,
DE Shaw and Pentwater Capital were told this month by prominent
London mining banker to prepare for all-but-inevitable takeover
of Rio Tinto Group by Glencore, Bloomberg reports, citing people
familiar w/ the meeting.
* RIO, Glencore, Pentwater, Hannan & Partners declined to
comment
* DE Shaw and GLG couldn’t immediately be reached
* RIO shrs off lows
Story: NSN NFK32U6K51UC<GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Larry DiTore