Aug19, 2011 |By Reuters
SAO PAULO (Reuters) - Brazil's CSN (CSNA3.SA: Quote)(SID.N: Quote) boosted its stake in Usiminas (USIM3.SA: Quote)(USIM5.SA: Quote) in a further step toward changing the rival steelmaker's ownership structure.
Sao Paulo-based CSN raised its holdings of Usiminas' common stock to 11.29 percent, and to 15.15 percent of preferred stock, the company said in a regulatory filing late on Friday.
Showing posts with label Brasil's CSN. Show all posts
Showing posts with label Brasil's CSN. Show all posts
Saturday, August 20, 2011
Monday, March 28, 2011
Rio Tinto still short of 50% on $3.9bln Riversdale bid
Mon Mar 28, 2011
MELBOURNE, March 28 (Reuters) - Global miner Rio Tinto remains short of its target of holding more than 50 percent of shares in Riversdale Mining , ahead of a Monday evening deadline on its A$3.9 billion takeover offer for the Mozambique-focused coal miner.
It had reached just under 40 percent as of Monday morning, Rio Tinto said, with still no word on whether Riversdale's two biggest shareholders, India's Tata Steel and Brazil's CSN , would sell any of their shares.
Riversdale's shareholders will receive A$16.50 a share if Rio reaches more than 50 percent acceptances by 0800 GMT on Monday. Otherwise the offer reverts to A$16 a share, remaining open until April 6.
It had reached just under 40 percent as of Monday morning, Rio Tinto said, with still no word on whether Riversdale's two biggest shareholders, India's Tata Steel and Brazil's CSN , would sell any of their shares.
Riversdale's shareholders will receive A$16.50 a share if Rio reaches more than 50 percent acceptances by 0800 GMT on Monday. Otherwise the offer reverts to A$16 a share, remaining open until April 6.
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