He said the rise in the oil price and the resulting stronger cash flows made Santos a more valuable company than it was a month ago and Harbour, which made a $ 13.5 billion
indicative takeover proposal in early April, would need to pay up.
Rio Tinto Limited («Rio Tinto»)(ASX: RIO) notes the announcement made by Coal & Allied Industries Limited («Coal & Allied»)(ASX: CNA) today relating to an
indicative, conditional, incomplete and non-binding
proposal from Rio Tinto, under which Rio Tinto and Mitsubishi Development Pty Ltd («Mitsubishi Development»), a wholly - owned subsidiary of Mitsubishi Corporation (TSE: 8058; LSE: MBC), would acquire all of the shares in Coal & Allied they do not already hold under a joint takeover («Proposal&
proposal from Rio Tinto, under which Rio Tinto and Mitsubishi Development Pty Ltd («Mitsubishi Development»), a wholly - owned subsidiary of Mitsubishi Corporation (TSE: 8058; LSE: MBC), would acquire all of the shares in Coal & Allied they do not already hold under a joint
takeover («
Proposal&
Proposal»).