Aluminum bosses resist the restructure design to inject impetus to elaborate
It is reported that China's aluminum industry executives a clear opposition to the proposal in accordance with certain aspects of the company's 19.5 billion U.S. dollars investment in Rio Tinto's plan to make changes, even though more and more indications 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 obtain the identical possibilities in the aluminum, the buy of convertible bonds, but the aluminum Overseas Holdings Limited Wang wen fu, leader of the United Kingdom in the "Financial Times" interview, not on such a request.
Aluminum desire to purchase 7.3 billion U.S. dollars buying into in convertible bonds, which will be its shareholding in Rio Tinto increased from 9% to 18%. The business furthermore designs to pay 12.3 billion U.S. dollars, Rio Tinto came by the assets of some of the best few stake in mining.
Opponents said the deal dismisses the surviving shareholders a main concern right to subscribe, that is, without dilution of their allocations, the refinancing of the company.
Rio Tinto shares last Friday's closing price in Australia reached 64.18 Australian dollars (46.85 U.S. dollars), has been more than two groups of convertible bonds of a group of 45 U.S. dollars which the exercise price. Another group of convertible bond pricing in the 60 U.S. dollars. - 18762
Some of Rio Tinto shareholders to obtain the identical possibilities in the aluminum, the buy of convertible bonds, but the aluminum Overseas Holdings Limited Wang wen fu, leader of the United Kingdom in the "Financial Times" interview, not on such a request.
Aluminum desire to purchase 7.3 billion U.S. dollars buying into in convertible bonds, which will be its shareholding in Rio Tinto increased from 9% to 18%. The business furthermore designs to pay 12.3 billion U.S. dollars, Rio Tinto came by the assets of some of the best few stake in mining.
Opponents said the deal dismisses the surviving shareholders a main concern right to subscribe, that is, without dilution of their allocations, the refinancing of the company.
Rio Tinto shares last Friday's closing price in Australia reached 64.18 Australian dollars (46.85 U.S. dollars), has been more than two groups of convertible bonds of a group of 45 U.S. dollars which the exercise price. Another group of convertible bond pricing in the 60 U.S. dollars. - 18762
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