Hancock takes control of Riversdale

MAJOR Riversdale Resources shareholder Resource Capital Funds has accepted Hancock Prospecting’s increased takeover offer.

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Gina Rinehart

RCF initially resisted Hancock's offer of A$2.20 cash per share, rising to $2.50 if Hancock reached 50% of Riversdale.

On Tuesday, Hancock said it would improve the offer again to $2.

 

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