SYDNEY, Nov 23 (Reuters) - Global miner Rio Tinto expects to receive at least $741 million from the flotation of its U.S. coal-mining unit, Cloud Peak Energy Inc , on the New York Stock Exchange, Rio said on Monday.
Cloud Peak Energy shares fell in their debut on Friday after its shares priced below expectations in the initial public offer. Rio Tinto retains a 48.3 percent stake in Cloud Peak.
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(Reporting by Mark Bendeich; Editing by Jonathan Standing) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: CLOUDPEAK/RIO (mark.bendeich@thomsonreuters.com; +612 93731817; mark.bendeich.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Cloud Peak Energy shares fell in their debut on Friday after its shares priced below expectations in the initial public offer. Rio Tinto retains a 48.3 percent stake in Cloud Peak.
For full statement click on:
http://pdf.reuters.com/asxnews/asxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20091123:ASX_3A328515
For full story on IPO, click on
(Reporting by Mark Bendeich; Editing by Jonathan Standing) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: CLOUDPEAK/RIO (mark.bendeich@thomsonreuters.com; +612 93731817; mark.bendeich.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.