The Fight For Rio Tinto
Well, isn't $147 billion enough?
That's the price offered by mining giant BHP Billiton on February 6th, for rival Rio Tinto, which had scoffed at BHP's original bid - and then quickly rejected this new bid as well!
The 13% boost came days after Chinese aluminum maker Chinalco and Alcoa paid $14 billion for a 12% stake in Rio.
Now BHP hopes to persuade 50% of Rio's shareholders as well as get regulatory clearance from Australia and the EU.
* * * * *
That's the price offered by mining giant BHP Billiton on February 6th, for rival Rio Tinto, which had scoffed at BHP's original bid - and then quickly rejected this new bid as well!
The 13% boost came days after Chinese aluminum maker Chinalco and Alcoa paid $14 billion for a 12% stake in Rio.
Now BHP hopes to persuade 50% of Rio's shareholders as well as get regulatory clearance from Australia and the EU.
* * * * *
posted by Bob Moser at
6:05 PM
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