Rio Tinto Limited
(ASX:RIO) has taken 93.76 per cent of the outstanding common shares of Hathor, leaving the miner with the intention to acquire all outstanding Hathor common shares not tendered to the offer through a compulsory acquisition under the Canada Business Corporations Act.
Rio Tinto’s offer expired on January 6. In a statement, Rio said it now also intends to apply to delist the Hathor common shares from the Toronto Stock Exchange as soon as practicable after the completion of the compulsory acquisition.
Rio Tinto reported a net profit of $7.5 billion in the first half of the 2011 calendar year.
