RIV 0.00% $16.20 riversdale mining limited

more bid talk.., page-4

  1. 5,363 Posts.
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    From

    http://www.telegraphindia.com/1100909/jsp/business/story_12915184.jsp

    "Tata Steel holds a 24.21 per cent stake"

    "NMDC plans to join hands with Tata Steel to wrest majority control of Australian firm Riversdale Mining"

    "...Som (NMDC)...hinted at a 10 per cent stake acquisition...Whatever it takes to have a majority,

    "Brazils Companhia Siderurgica Nacional (CSN) has a 16.29 per cent stake"

    If CSN's stake is combined with Tata's and NMDC acquires a 10% shareholding they would then have majority control in Riversdale.
 
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