Glencore: Share Price Rise On Bunge Deal Hopes

There was a heatwave not only in London, but on the London stock market as far as Glencore was concerned, with a near 8% price hike.  Apparently, Glencore is in advanced talks with Bungee, attempting to agree the right price – around $95 a share. As the competition is very fierce in this arena, there are at least two other potential bidders involved, Archie Daniels, and Mitsui, Glencore is keen to seal a deal.

 

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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