International Business Times reported Rio Tinto Ltd. (NYSE:RIO) has succeeded in its $654-million takeover bid for Hathor Exploration (TSX:HAT).
As quoted in the market news:
Rio Tinto Ltd. said it will prolong its offer by 10 days up until 12 December to acquire all the remaining outstanding shares of Hathor Exploration for $C4.70 ($A4.51) cash. So far, some 94,950,089 Hathor Exploration common shares representing 70.21 per cent of the shares have been tendered.
Get Our Expert Guide to Uranium Investing FREE!Download this FREE Special Report, Uranium Future Outlook: Uranium Price Forecasts and Top Uranium Stocks to Watch