Rio Tinto Extends Bid for Riversdale By 3 Days

Reuters Africa reported that Rio Tinto (NYSE:RIO) extended by three days its bid to acquire Riversdale (PINK:RFLMF).

The market news is quoted as saying:

Riversdale shareholders will receive A$16.50 a share if Rio Tinto gets more than 50 percent acceptances by March 28, Rio Tinto said on Monday.

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