Rio Tinto has triumphed in its battle to win the right to take over its hostile joint-venture partner Ivanhoe Mines, after an independent arbitrator ruled that Ivanhoe's "poison pill" defence is invalid and that Rio was not in breach of an agreement between the two firms.
Rio, which currently owns a 49% stake in Ivanhoe, had its attempts to increase its stake in the firm thwarted by Ivanhoe's introduction of a shareholders' rights plan last year, which was intended to prevent Rio from increasing its stake when its five-year agreement limiting its stake to 49% expires in January.
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‘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.
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