Rio Tinto (RIO) and Glencore (GLNCY) are likely to seek more time to work on a merger they work out the premium that Rio would need to pay, Thomas Biesheuvel, Dinesh Nair, Paul-Alain Hunt and Aaron Kirchfeld of Bloomberg report, citing people familiar with the matter. Both companies remain committed to a deal, but more time is needed to hash out a valuation, sources told Bloomberg.
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