BHP (BHP) will wait out Rio Tinto’s (RIO) talks to take over Glencore (GLNCY) and is not currently planning a rival bid for the Swiss firm, two people familiar with the matter told Reuters’ Clara Denina and Amy-Jo Crowley. Last week, Rio Tinto noted an announcement by Glencore and confirmed that Rio Tinto and Glencore have been engaging in preliminary discussions about a possible combination of some or all of their businesses.
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