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    market news

    Takeover Targets in the Athabasca Basin

    Investing News Network
    Dec. 02, 2011 02:39PM PST
    Energy Investing

    Financial Post reported Hathor Exploration Ltd. (TSX:HAT) is almost a done deal, as Rio Tinto Ltd. (NYSE:RIO) has taken up most of the shares.

    Financial Post reported  Hathor Exploration Ltd. (TSX:HAT) is almost a done deal, as Rio Tinto Ltd. (NYSE:RIO) has taken up most of the shares.

    As quoted in the market news:

    There are plenty of other acquisition targets in Saskatchewan’s Athabasca Basin besides Hathor, according to Dundee Capital Markets analyst David Talbot. And with Rio Tinto showing it wants to be a player in the region, he would not be surprised to see a few more deals.

    Click here to read the full Financial Post report.

    athabasca basindavid talbotmarket newstsx:hatrio tinto ltdnyse:riodundee capital markets
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