BREAKFAST DEALS: Rio creep

Rio Tinto dampens speculation of an Ivanhoe takeover offer, while a tranche of Nine's debt finds a new home.

As global markets splutter towards the end of 2011, fearing the worst from Europe, Rio Tinto has thrown cold water on the idea of bidding for Ivanhoe Mines now that it’s won arbitration proceedings. It’s highly likely that Rio will now creep to majority ownership of Ivanhoe and the prospect of forking out a few billion dollars in this environment probably isn’t a good idea in the first place. Meanwhile, it looks like another Nine Entertainment lender has offloaded its stake to the hedge funds, giving CVC Asia Pacific more reason to be nervous. Elsewhere, market uncertainty doesn’t seem to scare Nathan Tinkler, whose thoughts are turning international. Finally, Morgan Stanley has won the financial adviser job for the NSW Port Botany privatisation and Queensland’s coal port ambitions have swollen.

Rio Tinto

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles