CAPITAL MARKETS

Rio engages Riversdale stakeholder

RIVERSDALE Mining has gone into a trading halt this morning as Rio Tinto is in discussions with a significant Riversdale stakeholder over its $A16.50 per share cash takeover offer for the African coal producer.

Blair Price
Rio engages Riversdale stakeholder

The offer has a minimum 50% acceptance condition and the major miner is in the running for at least 41.04% of Riversdale’s shares based on the acceptance notifications received under its institutional...

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