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​Glencore sweetens cash offer for Rio Tinto's Australian coal assets

( June 26, 2017, 02:40 GMT | Official Statement) -- MLex Summary: Days after Rio Tinto re-confirmed Yancoal as the preferred bidder for its Australian coal assets, Glencore submitted a higher $2.675 billion fully funded cash offer, payable immediately upon completion, plus a coal-price linked royalty. Glencore also highlighted that its offer is subject only to a limited number of regulatory approvals, and that there is no legal basis to consider that such approvals will not be obtained. It also offered a $225 million deposit that would be forfeited if regulatory approval is not obtained.The company's full statement is attached:  ...

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