Deliver Your News to the World

Rio Tinto extends Riversdale offer by two weeks


Rio Tinto Jersey Holdings 2010 Limited (RTJ), a wholly-owned subsidiary of the Rio Tinto Group, has extended its takeover offer (Offer) for Riversdale Mining Limited (Riversdale) by two weeks to end at 7.00pm (Sydney time) on 20 May 2011, unless further extended.

Rio Tinto continues to receive acceptances to the Offer and now holds a relevant interest in approximately 73.28 per cent of Riversdale shares. As a result, the free-float of Riversdale shares not controlled by either Rio Tinto or Tata Steel has dropped to just 0.44 per cent of all shares on issue.

The handling fee described in RTJ’s Third Supplementary Bidder’s Statement will apply throughout the extended Offer period. RTJ may extend the period during which the handling fee will apply by further announcement to the Australian Securities Exchange (ASX).

The following documents have been lodged with the ASX:
• a notice under section 650D of the Corporations Act extending the Offer period; and
• a letter to Riversdale shareholders.

The Offer will close at 7.00pm (Sydney time) on 20 May 2011, unless extended.

About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.