Rio Tinto Attracts Over a Dozen Bidders for U.S. Boron Assets
Rio Tinto has drawn interest from more than a dozen potential bidders for its U.S. assets that produce the critical mineral boron, people familiar with the matter told Bloomberg's Yvonne Yue Li, Jacob Lorinc and Thomas Biesheuvel. The company could fetch around $2B for the assets, according to the sources. Shares of Rio Tinto are up 1.3% in New York in afternoon trading.