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Glencore ‘will listen to takeover’ offers

Ivan Glasenberg, Glencore’s chief executive, is said to be dismissive of suggestions that it be taken private

Ivan Glasenberg 640x360

Glencore would listen to offers for a takeover of the entire company but its management does not believe there are any buyers willing to pay a fair value for the business in the current market, The Telegraph has learnt.

The revelation comes after a week in which billions of dollars were wiped off the company’s shares following a series of damning analyst notes warning that its equity value could collapse should commodities prices fall further.

Read the full story Telegraph By Andrew Critchlow 

 

UPDATE:

READ MORE:

Ivan Glasenberg

Key Speakers At The Sberbank Russia Forum 2013

The implosion of the mining giant Glencore’s stocks on Monday gave CEO Ivan Glasenberg’s wealth a serious kicking, after shares tumbled 29.42%. The Bloomberg Billionaires Index says Glasenberg More…

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Don’t tell Prof Thomas Piketty, but it’s apparently quite tough being a billionaire nowadays. The top 200 billionaires, a list headed by Microsoft founder Bill Gates (net worth $78-billion), have More…

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Bill for executives’ purchase of shares may total $514 million Onflipside, officials have reaped $1.8 billion in dividends Glencore Plc’s billionaire CEO Ivan Glasenberg is on the hook for as much More…

Ivan Glasenberg

Mounting pressure from investors has forced debt-laden commodities giant Glencore into a $US2.5 billion ($3.6 billion) equity raising to protect its investment grade credit rating, which is needed to underpin More…

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Glencore Plc shares headed for the biggest weekly decline since the company went public in 2011 as the selloff in mining shares showed no signs of slowing. Glencore slid 5.9 percent on Friday, bringing losses More…

 

Key Speakers At The Sberbank Russia Forum 2013

A multibillion-dollar merger between commodities conglomerate Glencore and mining giant Rio Tinto may take place this year as Glencore’s CEO is pushing for the deal, a report said. A Glencore-Rio tie-up would More…

Ivan Glasenberg 640x360

Rio Tinto, desperate to avoid being taken over by Glencore, may buyFreeport McMoRan in a deal that is a “classic defensive move, ” according to Bernstein analyst Paul Gait, as reported by Seeking Alpha. Although More…

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Glencore CEO Ivan Glasenberg executed the highly successful acquisition of Xstrata, and many wonder what he is going to buy next. While competitors are having to trim the fat, Glencore is flush with cash and can More…

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Ivan Glasenberg’s Glencore signed the deal to sell Las Bambas to the Chinese in April, 2014, and expects to finally close by the Fall of 2014.  – Today the shareholders of Australian based, Hong More…

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