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PRE-MARKET AUSTRALIAN STOCKS NEWS: Rio Tinto (RIO AT) and Glencore (GLEN LN) decided against pursuing a mega-merger as Rio Tinto could not reach an agreement delivering shareholder value

Rio Tinto and Glencore's decision to abandon their merger talks indicates significant challenges in aligning shareholder interests, which could dampen investor sentiment towards both companies.

Newsquawk StaffPublished On the live feed at — 2 more headlines followed before this page went public
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PRE-MARKET AUSTRALIAN STOCKS NEWS: Rio Tinto (RIO AT) and Glencore (GLEN LN) decided against pursuing a mega-merger as Rio Tinto could not reach an agreement delivering shareholder value

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Charter Hall Retail REIT (CQR AT) - Co. H1 (AUD) oper. earnings rose 3.4% Y/Y to 75.6mln, DPU rose 4.1% Y/Y to 12.8 cents. (Newswires)

News Corp (NWS AT) - Co. Q2 (AUD) net fell 21% Y/Y to 242mln, rev. rose 6% Y/Y to 2.36bln. (Motley Fool)

REA Group (REA AT) - Co. H1 (AUD) net profit from core operations rose 9% Y/Y to 341mln, rev. from core operations rose 5% Y/Y to 916mln, Co. flagged a AUD 200mln buyback. (The Australian/Motley Fool)

Rio Tinto (RIO AT) - Co. and Glencore (GLEN LN) decided against pursuing a mega-merger as Rio Tinto could not reach an agreement delivering shareholder value. (Newswires)

Context

This outcome also suggests a cautious approach in the metals and mining sector, with investors likely reassessing the growth trajectory and strategic options available to these firms.

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