June 23 (Reuters) - Rio Tinto Plc RIO.L :
* Acknowledges it received revised proposal from Glencore (LON:GLEN) to buy Coal & Allied Industries Limited
* Board will give new proposal appropriate consideration and will provide a further update in advance of general meeting
* Matching rights process, pursuant to which Yancoal will have two business days to present a counter offer, would then be implemented
* If Glencore's revised proposal is deemed superior and in interest of shareholders then board to adjourn general meeting of Rio Tinto Plc Source text for Eikon: Further company coverage: RIO.L
(Bengaluru Newsroom)