June 20, 2017 / 10:35 AM / a month ago

Glencore says will respond in due course after Rio favors Yancoal bid

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FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, September 30, 2015.Arnd Wiegmann/File Photo

LONDON (Reuters) - Glencore (GLEN.L) on Tuesday said it would review its options after Rio Tinto (RIO.L)(RIO.AX) said it was sticking to a recommendation of China-backed Yancoal (YAL.AX) as the preferred buyer of its Coal & Allied division in Australia.

In a statement, Glencore, which had made a higher offer than Yancoal, said it would respond "in due course".

Reporting by Barbara Lewis. Editing by Jane Merriman

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