In brief
Brambles has received clearance from the US Federal Trade Commission to proceed with its $1.3 billion acquisition of IFCO, an Amsterdam-based supplier of plastic crates.
Brambles has received clearance from the US Federal Trade Commission to proceed with its $1.3 billion purchase of IFCO, an Amsterdam-based supplier of plastic crates. The takeover has secured all regulatory approvals and should be completed in early April.
Jenny Wiggins
Rio Tinto has received acceptances from 38.38 per cent of Riversdale Mining shareholders for its $4 billion takeover bid. If Rio gets acceptances from 50 per cent by Monday, investors in the Mozambique coal developer will receive $16.50 a share. Otherwise, the price will revert to $16. The offer closes on April 6.
Jamie Freed
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