Rio Tinto achieves 94.7% of Ashton.Business Editors LONDON--(BUSINESS WIRE)--Nov. 28, 2000 As at 5:30pm this evening (Australian time), Rio Tinto Rio Tinto may refer to:
See: New York Stock Exchange :RTP (1) (Rapid Transport Protocol) The protocol used in IBM's High Performance Routing (HPR) system. (2) (Realtime Transport Protocol) An IP protocol that supports real time transmission of voice and video. ) had received acceptances giving it 94.7% of Ashton. Rio Tinto has now satisfied the requirements for compulsory acquisition under section 661A of the Corporations Law and intends to issue compulsory acquisition notices as soon as possible. Yesterday, Rio Tinto extended its Offer to 7:30pm AEDT AEDT Australian Eastern Daylight Time AEDT Academy for the Engineering & Design Technology Wednesday 13 December, 2000. This will allow Ashton shareholders the opportunity to accept the Offer ahead of compulsory acquisition. Rio Tinto intends to send payment to Ashton shareholders who accept the offer within five business days of receipt of a valid acceptance. Ashton shareholders whose shares are compulsorily acquired will, of necessity, be paid later than those who choose to accept the Offer. |
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