Recently, Rio Tinto Plc. (NYSE:RIO) has taken a majority stake in Ivanhoe Mines Ltd, having purchased 51% of the shares, thus attaining a control of the gold and copper miner.
Rio Tinto bought 15.1 million shares, following the recent transaction, from two sellers through a privately negotiated transaction for C$302 million ($301 million). The additional 15.1 million common shares of Ivanhoe represented 2% of Ivanhoe’s outstanding common shares.
The shares were purchased for an aggregate of C$302 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards