Riversdale Mining confirms takeover talks with Rio Tinto
Riversdale Mining has announced that it has held talks with Rio Tinto Group over a potential AU$ 3.5 billion takeover proposal.
A statement from Riversdale Mining read: “The company has had discussions with Rio Tinto concerning a possible transaction at the corporate level for indicative consideration of AU$ 15/Riversdale share. These discussions were undertaken in confidence and Rio Tinto advised the company that it is not in a position to submit a proposal for the potential acquisition of the company.”
The statement continued: “While discussions with Rio Tinto are ongoing, there is no certainty that Rio Tinto or any other party will proceed with any proposal for the acquisition of Riversdale or, if it does, the timing of such a proposal or the terms and conditions on which any such proposal will be made.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/06122010/riversdale_mining_confirms_takeover_talks_with_rio_tinto/
You might also like
Saipem: third extension of contract with Aker BP for Scarabeo 8 for offshore drilling activities in Norway into 2028
Saipem announces that Aker BP has exercised a new option to extend the contract for the semi-submersible drilling unit Scarabeo 8, prolonging its deployment for an additional year.