CAPITAL MARKETS

Rio to takeover Riversdale for $3.9B

MINING major Rio Tinto has made its formal $A3.9 billion off-market takeover pitch for Mozambique hard coking coal miner Riversdale Mining with an offer of $A16 per share.

MiningNews.Net
Rio to takeover Riversdale for $3.9B

The world’s second largest mining company has entered into pre-bid agreements in relation to 14.9% of Riversdale’s current shares on issue. Coming out of a trading halt today, a number of senior Riversdale...

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