Vale (RIO) Announces Global Offering
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Companhia Vale do Rio Doce (NYSE: RIO) announces that, subject to market conditions and receipt of final approval from the Brazilian securities regulator (Comissao de Valores Mobiliarios), it plans to launch a global offering of up to 256,926,766 common shares and 164,402,799 preferred shares (not including any exercise of the underwriters over-allotment option) on or near July 4, 2008. The global offering will consist of a registered offering in Brazil and an international offering, which will include a registered offering in the United States. Investors in the international offering may elect to receive their shares in the form of American Depositary Shares (ADSs).
The closings of the Brazilian offering and the international offering will be conditioned upon each other. Further information about the offers will be contained in the offering documents.
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