$RIO (+0,1 %) is currently experiencing a price drop... the reason:
"The Sydney stock market has already gone into the weekend little changed. Rio Tinto came under pressure there with the news that it had resumed talks with Glencore about a possible merger that would create the world's largest mining company. Rio Tinto fell by 6.2 percent, while the shares of competitor BHP rose by 0.8 percent. "Coal would have to be divested to win the support of Australian shareholders. Rio is a relatively simple company, focused on iron ore, copper, aluminum and lithium (more recently). The addition of a few more businesses dilutes the picture and significant synergies would need to be achieved to offset this dilution" is a critical comment from the trade on the plan. Aristocrat Leisure rose 1 percent, supported by the announcement to increase a share buyback program."
