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

LONDON, June 20 (Reuters) - Glencore on Tuesday said it would review its options after Rio Tinto said it was sticking to a recommendation of China-backed Yancoal 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)