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Showing posts with label to woo key shareholders. Show all posts
Showing posts with label to woo key shareholders. Show all posts

Thursday, March 10, 2011

Riversdale says unaware of any competing offers

Thu Mar 10, 2011 6:05am GMT

Sydney, March 10 (Reuters) - Takeover target Riversdale Mining said it was not aware of any competing offers to a sweetened A$3.9 billion bid from global miner Rio Tinto

Earlier, Rio Tinto raised its offer for Africa-focused coal miner Riversdale in a final bid to woo key shareholders, a move that Riversdale said was helping to sway institutions.

(Reporting by Narayanan Somasundaram; Editing by Balazs Koranyi,sourced:Thomson Reuters)