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Rio satisfied with large Riversdale stake

RIO Tinto has scuttled the minimum 50% acceptance condition of its cash takeover offer for Riversdale Mining, with the company poised to gain more than a 40% stake in the African coal producer.

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Rio satisfied with large Riversdale stake

While Rio declared its offer unconditional, the recent A50c boost that raised its offer to $16.50 per share will only apply if it secures more than 47% of acceptance notifications under its institutional...

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