(EnergyAsia, January 14 2011, Friday) — Australia-listed Riversdale Mining Ltd has recommended its shareholders to accept Rio Tinto Group’s all-cash off-market takeover bid at A$16 per share for their shares, valuing the company at A$3.9 billion. (US$1=A$1.02). The Sydney-based firm owns substantial coal reserves in Mozambique. The offer is subject to conditions including a greater…
AUSTRALIA: Riversdale recommended shareholders to accept A$16 cash per share takeover offer
Posted on January 13, 2011 by EnergyAsia