Aluminum bosses resist the restructure design to inject impetus to elaborate
It is stated that China's aluminum development managers a clear resistance to the request in harmony with certain characteristics of the company's 19.5 billion U.S. dollars financial endeavour in Rio Tinto's arrange to make modifications, even though more and more signals that we have to strive to the other shareholders of Rio Tinto support may need to make some concessions.
Some of Rio Tinto shareholders to accept the matching chances in the aluminum, the pay for of convertible bonds, but the aluminum Overseas Holdings Limited Wang wen fu, head of the United Kingdom in the "Financial Times" interview, not on such a request.
Aluminum want to buy 7.3 billion U.S. dollars investment in convertible bonds, which will be its shareholding in Rio Tinto rose from 9% to 18%. The company also plans to pay 12.3 billion U.S. dollars, Rio Tinto acquired the assets of some of the best minority stake in mining.
Opponents said the deal disregards the living shareholders a main concern right to subscribe, that is, without dilution of their portions, the refinancing of the company.
Rio Tinto portions last Friday's concluding cost in Australia come to 64.18 Australian dollars (46.85 U.S. dollars), has been more than two assemblies of convertible bonds of a assembly of 45 U.S. dollars which the workout price. Another assembly of convertible bond charge in the 60 U.S. dollars. - 21392
Some of Rio Tinto shareholders to accept the matching chances in the aluminum, the pay for of convertible bonds, but the aluminum Overseas Holdings Limited Wang wen fu, head of the United Kingdom in the "Financial Times" interview, not on such a request.
Aluminum want to buy 7.3 billion U.S. dollars investment in convertible bonds, which will be its shareholding in Rio Tinto rose from 9% to 18%. The company also plans to pay 12.3 billion U.S. dollars, Rio Tinto acquired the assets of some of the best minority stake in mining.
Opponents said the deal disregards the living shareholders a main concern right to subscribe, that is, without dilution of their portions, the refinancing of the company.
Rio Tinto portions last Friday's concluding cost in Australia come to 64.18 Australian dollars (46.85 U.S. dollars), has been more than two assemblies of convertible bonds of a assembly of 45 U.S. dollars which the workout price. Another assembly of convertible bond charge in the 60 U.S. dollars. - 21392
posted by X - Men @ 10:54 AM
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