Rio Tinto Raises Ashton Offer And Succeeds With Takeover

Article Abstract:

Melbourne, Victoria, Australia-based Ashton Mining Ltd., which already has received a takeover bid from South Africa's De Beers Consolidated Mines Ltd., has obtained a higher offer from United Kingdom's Rio Tinto PLC. The A$713 million offer by Rio Tinto topped De Beers' A$745 million bid because of regulatory issues.

Australia, Rio Tinto PLC, RTP, Ashton Mining Ltd.

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Group bidding for De Beers vows $17 billion is its best and last offer

Article Abstract:

The offer of $17 billion (18.92 billion euros) for De Beers Centenary AG from a group led by Anglo American PLC is the last one the company will receive. The group, including the Oppenheimer family of South Africa, said the bid was the best it would make.

Switzerland, Financial services industry, Financial services, De Beers Centenary AG

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Anglo American, Oppenheimers raise bid for De Beers

Article Abstract:

The Oppenheimer family of South Africa and Anglo American PLC have increased their acquisition offer for De Beers Consolidated Mines Ltd. The bid is raised by $2 (2.23 euros) per share to approximately $44 per De Beers share.

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