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From WENN | 2009-07-03 16:21:32
Debt-laden miner Rio Tinto reaps rights bonanza »
AFP European Edition | 2009-07-03 10:00:19
Mining giant Rio Tinto on Friday confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. The dual-listed firm, whose share offer came at rock-bottom prices in Sydney and London, announced a 95 percent subscription among Australian investors following a 97 percent take-up in Britain. Rio can now slash its debt bill incurred by last year's acquisition of Canada's Alcan. The offering, worth 15.2 billion dollars (9.3 billion ...
Rio wraps up rights issue »
Reuters US Online Report Business News | 2009-07-03 08:28:43
SYDNEY (Reuters) - Global miner Rio Tinto <RIO.AX> <RIO.L> wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares. On Thursday, UK shareholders had taken up 96.97 percent of the deeply discounted, fully underwitten $15.2 billion rights offer, the fifth-biggest on record, putting the indebted Anglo-Australian group on a firmer financial footing. The issue also marks a bonanza for the banks that underwrote it ...
Sophie Monk goes shopping for baby clothes in West Hollywood »
From Splash News | 2009-07-02 18:05:33
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