Rio Tinto secures 49.49% stake in $4 billion bid for Riversdale
Global miner Rio Tinto
The offer of A$16.50 a share depended on it getting to at least a 47 percent holding in Riversdale by late on April 6. Otherwise it was set to pay A$16 a share.
Riversdale's two other key shareholders, India's Tata Steel
($1 = 0.965 Australian Dollars)
(Reporting by Sonali Paul and Ed Davies)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick