Execs with Ivanhoe Mining (IVN -15.5%) say the firm is evaluating legal options following its...


Execs with Ivanhoe Mining (IVN -15.5%) say the firm is evaluating legal options following its courtroom battle loss to keep a poison pill in place in its bid to stave off Rio Tinto (RIO +0.8%) from acquiring the company. Rio's maximum permitted interest in Ivanhoe is capped at 49% until Jan. 18, 2012.

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Comments (3)
  • Yaron Ron Reuven
    , contributor
    Comments (451) | Send Message
     
    IVN execs have some serious nerve. they made the deal at a time when the Mongolian government increased their taxes to the point where the project became uneconomical. Rio is partly responsible of having that decision overturned, and putting life (and money) behind their stock. now that everything has worked out, they dont want the deal anymore. wow.
    13 Dec 2011, 12:11 PM Reply Like
  • marpy
    , contributor
    Comments (1717) | Send Message
     
    The IVN minority share holders want a fair price for their shares. Nothing more and nothing less. Rio Tinto wants to get their hands on this deposit and the cash flow it will provide and so i would expect a deal between the 2 parties sooner rather than later.
    18 Dec 2011, 02:48 PM Reply Like
  • Yaron Ron Reuven
    , contributor
    Comments (451) | Send Message
     
    I understand they want a fair price, and I don't see how that was disputed (at least publicly since none of us sees through closed doors) by rio's interest in increasing their stake. IVN started the fight before the offer or even negotiation meetings. To me this looks more like IVN regrets the fact that the did the deal, despite that those were desperate times.
    19 Dec 2011, 10:01 AM Reply Like
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