Rio Tinto says receives approval to buy Alcan

SYDNEY (Reuters) – Global miner Rio Tinto Ltd/Plc (RIO.L)(RIO.AX) said on Monday it has received U.S. anti-trust clearance for its $38.1 billion acquisition of aluminum maker Alcan Inc (AL.TO).

The U.S. approval follows the province of Quebec’s government approval for the takeover earlier this month.Rio formally launched a pre-agreed offer for Montreal-based Alcan in July, trumping an earlier hostile offer by U.S. rival Alcoa (AA.N).

This entry was posted in Active investigations, Consequences of seabed mining, Coorperations, Corperate power, Corruption, General mining, Open pit mining, Rio Tinto. Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s