BHP looks at merger with Rio Tinto
BHP eyes booming China in Rio Tinto bid
CNNMoney.com, Sydney –
A merger between Anglo-Australian rivals BHP Billiton Ltd. and Rio Tinto Ltd. would help the miners satisfy China’s burgeoning demand for steel, a BHP Billiton executive said Tuesday.
Rio Tinto (Charts) last week rejected BHP Billiton’s (Charts) 3-for-1 share offer that Dealogic PLC calculated to be worth as much as $149 billion. …