dont like this comment in the statement:
The offer, expected to be endorsed by Riversdale, is slightly below the $16.30 at which Riversdale shares were selling before they entered a trading halt.
But the deal is likely to be presented as a premium to the $14.10 at which Riversdale was trading on December 3, the trading day before the company revealed the earlier $15-a-share offer from Rio.
i honeslty cant see why RIV directors would say yes to 16.50?
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- rio bids for riversdale @ $16.50
rio bids for riversdale @ $16.50, page-9
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