Rio Tinto delays offer deadline again
Mining giant Rio Tinto has extended the time shareholders in Canadian uranium firm Hathor have to accept its $654m bid for the company.
Mining giant Rio Tinto has extended the time shareholders in Canadian uranium firm Hathor have to accept its $654m bid for the company.
Rio said that so far over 84% of shareholders had accepted the C$4.70 per share offer and it was delaying the deadline until 22 December 2011.
"The offer has been extended to allow the remaining Hathor shareholders sufficient time to tender their common shares to Rio Tinto's offer," Rio said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The approach is a friendly one, with Hathor's board of directors having unanimously recommended it to shareholders.
The deadline had previously been extended until 12 December from the start of the month.
Hathor had been the subject of a hostile takeover bid, with Cameco Corp offering C$520m for the Saskatchewan-focused explorer.
Rio Tinto already employs over 13,400 people across its operations in Canada, which include mining and manufacturing interests in alumina, aluminium, iron ore, diamonds and titanium dioxide.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”