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.
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Read the full story Telegraph By Andrew Critchlow
UPDATE:
- Glencore seeks way out of crisis, In-Depth–Independent Online
- Isn’t Lehman Brothers Part II: It’s Not Economically …, Forbes
- Glencore ‘will listen to’ takeover offers, Business Insider
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