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Bookmark and Share Riversdale Confirms Rio Tinto Has Approached for Possible Takeover Bid

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Coal mining company Riversdale Mining has confirmed that it is in discussions with Rio Tinto for a possible $3.5 billion takeover bid, yet Rio Tinto has not yet placed a formal submission.

“The Company has had discussions with Rio Tinto concerning a possible transaction at the corporate level for indicative consideration of $15.00 per Riversdale share,” Riversdale Chairman Michael O’Keeffe said in a statement released Monday.

 Read » Riversdale Confirms Rio Tinto Has Approached for Possible Takeover Bid





 
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