June 26 (Reuters) - Rio Tinto Plc RIO.L :
- Confirms Yancoal as preferred buyer of its thermal coal assets in Australia given high level of completion certainty and a further improved offer of $2.69 billion
- "Revised offer from Yancoal of $2.69 billion offers compelling value to our shareholders for our Australian thermal coal assets"- Rio Tinto CEO
- Yancoal's most recent offer includes increased break fee amount provided by Yancoal's parent company, Yankuang, from $100 million to $225 million
- "Believe it is in best interests of our shareholders to take greater certainty of Yancoal's strong proposal"- Rio Tinto CEO
- Board considered both of latest offers; recommending Yancoal's improved offer to shareholders
News: YAL Rio Tinto confirms Yancoal as preferred buyer for coal assets
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Mkt cap ! $7.156B | |||
| Open | High | Low | Value | Volume |
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