Rio Tinto (RIO) acquires 133,571,192 common shares under Ivanhoe Mines' (IVN) rights offering at...


Rio Tinto (RIO) acquires 133,571,192 common shares under Ivanhoe Mines' (IVN) rights offering at a total cost of ~$935M, or $7/share. Upon completion of the rights offering, RIO now owns 510,968,850 common shares representing ~51% of the outstanding common shares.

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  • marketsdabler
    , contributor
    Comments (3) | Send Message
     
    Used to owned an export/import company mainly exporting finished as well as raw materials for the container shipping and truck industries. Now that these kind of company and businesses (being a trader/middle men) has gradually diminished over the last few decades, almost the same period when the dot.com appeared.

     

    I am now semi-retired and trying to dabble into anything that looks interesting and having the potential of bringing something profitable in short or long term basis. A very wise cautious risk taker....that's me!
    30 Jul 2012, 11:18 PM Reply Like
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