Thursday, July 12, 2007

UPDATE 1-Rio falls after Alcan bid, but lifts mining sector

(Reuters) - But shares in Rio, the world's second-biggest miner, slipped
as much as 4 percent, and were down 1.8 percent at 1000 GMT.




"Rio Tinto shares are trading lower this morning due to
reduced expectations for a large special dividend, reduced share
buyback programme and reduced expectations for a potential
takeover of Rio Tinto itself," Numis said in a note.


Read more at Reuters.com Mergers News

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