Deals
Rio Gets Canadian Bureau Clearance for Hathor Takeover Bid
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Rio Tinto Group received clearance from the Canadian Competition Bureau for its C$654 million ($630 million) bid to buy uranium miner Hathor Exploration Ltd., the last hurdle for the industry’s richest takeover offer.
The Commissioner of Competition issued a “no action letter” certifying compliance with all requirements of Canada’s Competition Act, the London-based company said today in a statement. There are no other regulatory reviews of the transaction, said Karen Halbert, a spokeswoman for Rio in Melbourne.