VALE S.A. (VALE) closed at $15.59 in the latest trading session, marking a +1.1% move from the prior day.
(Bloomberg) -- Vale SA is considering a spinoff or initial public offering of its sprawling base metals business after it completes the sale of a minority stake, according to people familiar with the situation.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 BillionTraders Dash for Cover as Bank Drama Rattles Globe: Markets WrapBofA Gets More Than $15 Billion in Deposits After SVB FailsSignature Ban
In the latest trading session, VALE S.A. (VALE) closed at $16.47, marking a -1.5% move from the previous day.