Rio Gets Canadian Bureau Clearance for Hathor Takeover Bid

Bloomberg reported Rio Tinto Group (NYSE:RIO) received clearance from the Canadian Competition Bureau to buy uranium miner Hathor Exploration Ltd. (TSX:HAT).

As quoted in the market news:

The Commissioner of Competition issued a “no action letter” certifying compliance with all requirements of Canada’s Competition Act, the London-based company said today in a statement. There are no other regulatory reviews of the transaction, said Karen Halbert, a spokeswoman for Rio in Melbourne.

Click here to read the full Bloomberg report.