Despite the refocus on cost-cutting and shareholder returns, M&A talk has resurfaced in the mega-mining sector, with Rio Tinto (LSE: RIO) having already rejected an overture from Glencore (LSE: GLEN). And there may be reasons to expect another bid in the near future, or even a shot at a long-mooted Rio Tinto/BHP Billiton (LSE: BLT) tie-up…
Will Rio Tinto plc Be Gobbled Up By Glencore plc Or BHP Billiton plc?
VIDEO: One Fool puts Rio Tinto plc (LON:RIO), BHP Billiton plc (LON:BLT) and Glencore PLC (LON:GLEN) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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