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BRIEF-Rio Tinto to adjourn general meeting if Glencore offer deemed superior

Published 24/06/2017, 02:58 am
© Reuters.  BRIEF-Rio Tinto to adjourn general meeting if Glencore offer deemed superior
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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)

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