Stock Market News
Prices
Which 3 Stocks Would Warren Buffett Buy?Rio Tinto returns fire in battle for Hathor
18-11-2011 07:17
| Add To Google +1 | Tweet |
Base metal mining oriented group Rio Tinto has, as expected, increased its offer for uranium developer Hathor Exploration.
The move comes just days after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer.
Rio Tinto is now offering to acquire all of Hathor's common shares at C$4.70 in cash per share, in a bid which values Hathor at around C$654m on a fully-diluted basis.
Cameco Corporation made an unsolicited revised offer of C$4.50 per share on 14 November.
In a statement, Rio Tinto said: "The Hathor board of directors has reaffirmed its support for Rio Tinto's increased offer and unanimously recommends that Hathor shareholders accept and tender their common shares to Rio Tinto's increased offer."
NR
The move comes just days after rival bidder Cameco Corp trumped the global miner with a C$625m ($615m) offer.
Rio Tinto is now offering to acquire all of Hathor's common shares at C$4.70 in cash per share, in a bid which values Hathor at around C$654m on a fully-diluted basis.
Cameco Corporation made an unsolicited revised offer of C$4.50 per share on 14 November.
In a statement, Rio Tinto said: "The Hathor board of directors has reaffirmed its support for Rio Tinto's increased offer and unanimously recommends that Hathor shareholders accept and tender their common shares to Rio Tinto's increased offer."
NR
| Related share prices |
|---|
| Rio Tinto (RIO) share price |
| H&T Group (HAT) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce share price
- Banco Santander price
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers share price
- Telecom plus share price
- Kier share price
- Punch taverns price
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price