Mon Mar 28, 2011 11:04pm GMT
MELBOURNE, March 29 (Reuters) - Global miner Rio Tinto failed to win a majority stake in Riversdale Mining with its A$3.9 billion ($4 billion) sweetened offer, it said on Tuesday.
Rio Tinto reached 41.04 percent by its late Monday deadline.
The offer was due to revert to A$16 a share from A$16.50, remaining open until April 6, if Rio did not reach 50 percent by 0800 GMT on Monday. ($1 = 0.976 Australian Dollars, reuters)
Showing posts with label fails to reach majority stake. Show all posts
Showing posts with label fails to reach majority stake. Show all posts
Tuesday, March 29, 2011
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