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Which 3 Stocks Would Warren Buffett Buy?Rio Tinto claims victory in Hathor bid
01-12-2011 08:16
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Rio Tinto, the Anglo-Australian mining giant, has claimed victory in its agreed bid for Canadian firm Hathor.
So far, shareholders representing just over 70% of the Canadian uranium explorer's issued share capital have accepted Rio's offer, which values Hathor at $654m.
The rival offer for the company from Canadian uranium miner Cameco valued Hathor at C$625m.
Rio is now extending the deadline for shareholders to sell their stock to the 12th of December.
Shares in Rio Tinto have climbed 0.6% in early trading. So far this year the company has lost 25% of its value.
BS/JH
So far, shareholders representing just over 70% of the Canadian uranium explorer's issued share capital have accepted Rio's offer, which values Hathor at $654m.
The rival offer for the company from Canadian uranium miner Cameco valued Hathor at C$625m.
Rio is now extending the deadline for shareholders to sell their stock to the 12th of December.
Shares in Rio Tinto have climbed 0.6% in early trading. So far this year the company has lost 25% of its value.
BS/JH
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