Potential Rio Tinto and Glencore merger falls through for the third time

According to recent news, Rio Tinto and Glencore walked away from their renewed $260 billion merger talks at the end of last week, shelving what could have been the creation of the world’s biggest mining company. In a statement released Thursday, Rio Tinto declared it was stepping back from merger discussions with Glencore after the two sides were unable to strike a deal that met its commitment to shareholder returns. The latest breakdown marks the third unsuccessful effort to merge Rio Tinto and Glencore. If it had taken place, it would have made the combined entity the world's. . .