Rio Tinto rejects BHP takeover bid

Published: Thursday, 29 November 2007

9 November 2007
BHP Billiton's £67,000m. bid for Rio Tinto raises speculation over future of industrial mineral assets

Rio Tinto Plc has rejected a £67,000m. takeover bid from its rival, BHP Billiton saying “it significantly undervalues Rio Tinto and its prospects”.  The offer, following months of speculation, would have seen each Rio Tinto share exchanged for...

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