Glencore and Rio Tinto's Merger Talks Collapse Amid Price Dispute

Rio Tinto and Glencore have abandoned their merger talks to create the world's largest miner due to a demand from Glencore's former CEO and biggest shareholder, Ivan Glasenberg, for 40% of the combined group. The deal would have brought together Glencore's coal and copper operations and Rio's iron ore business, but negotiations fell apart over the price. The companies will not reengage for at least six months under UK takeover rules.