Company briefs
Rio Tinto has boosted its stake in takeover target Riversdale Mining to 33.04 per cent from 30.59 per cent. The offer for the Mozambique coal developer is set to expire on April 1, unless extended, while a bump in the offer price to $16.50 from $16 is contingent on Rio gaining majority control by March 23.Jamie Freed
Rio Tinto has boosted its stake in takeover target Riversdale Mining from 30.59 per cent to 33.04 per cent. The offer for the Mozambique coal developer is set to expire on April 1, unless extended, while a bump in the offer price from $16 to $16.50 is contingent on Rio gaining control by March 23.
Jamie Freed
Retired Macquarie Group chairman David Clarke left with about $2.1 million of Macquarie shares, according to a director’s interest notice filed on Friday. Mr Clarke announced on Thursday he was quitting for health reasons.
John Kehoe
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