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Rio Likely to Float Stock Options for Diamond Operations
Apr. 05, 2012 03:39PM PST
Gem InvestingReuters reported Rio Tinto (NYSE:RIO,TSX:RIO) is most likely to float a stock option as it considers its options for unloading its diamond operations.
Reuters reported Rio Tinto (NYSE:RIO,TSX:RIO) is most likely to float a stock option as it considers its options for unloading its diamond operations.
As quoted in the market news:
The Anglo-Australian mining giant could add to the allure of an initial public offering (IPO) by first seeking to merge its diamond operation with another that is on the block from rival BHP Billiton (BLT.L), bankers and analysts said.