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Rio Tinto Limited (ASX:RIO)

ALERT: Price-sensitive ASX Announcement for RIO
Current share price for RIO : $167.490 10.36 (6.59%)+
Announcement
Release
6 Feb 2026 8:16AM
Price at Release
$157.130
Full Release
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Summary
Rio Tinto Limited issued a 'No intention to bid' statement on February 5, 2026, declaring that it will not pursue a merger or business combination with Glencore plc. This decision follows a review process that concluded such a merger would not yield sufficient value for Rio Tinto's shareholders, aligning with the company's strategic focus on long-term value and shareholder returns as outlined in its December 2025 Capital Markets Day. The announcement was made in accordance with Rule 2.8 of the City Code on Takeovers and Mergers, and Rio Tinto reserves the right to reconsider the merger under certain conditions. The statement was authorized for release by Andy Hodges, the Group Company Secretary.
Key Points
  • Rio Tinto has announced it will not proceed with a potential merger with Glencore plc.
  • The decision was based on an assessment that the merger would not deliver value to shareholders.
  • This announcement follows a previous statement made on January 8, 2026.
  • Rio Tinto emphasized a commitment to long-term value and shareholder returns.
  • The announcement was made under Rule 2.8 of the City Code on Takeovers and Mergers.
  • Rio Tinto reserves the right to revisit the merger decision under certain conditions.
  • The announcement was authorized by Andy Hodges, Rio Tinto's Group Company Secretary.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.