More Riversdale investors accept Rio Tinto deal

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Share More Riversdale investors accept Rio Tinto deal RIO TINTO edged closer to sealing its planned takeover of Australian coal group Riversdale Mining yesterday after it secured acceptances from 49.49 per cent of shareholders. In order to mop-up more than 50 per cent of the shares, Rio has extended its bid, which had been due to close last night, until 20 April. Rio announced the stake, the extension and, as previously flagged, the sweetening of the offer from $16 to $16.50, last night.The firm lowered its acceptance threshold last month after more than four months of tussling, when Riversdale’s top shareholders, Tata Steel and CSN, refused to sell their combined 46.9 per cent stake. Rio Tinto is pursuing bolt-on acquisitions rather than blockbuster deals this year, as it returns $5bn to shareholders under a buyback scheme. Riversdale shares closed at A$16.42 yesterday in Australian trading before Rio’s announcement. whatsappcenter_img whatsapp Wednesday 6 April 2011 7:54 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Tags: NULLlast_img read more