BHP looks at merger with Rio Tinto

BHP eyes booming China in Rio Tinto bid, Sydney – November 13 2007: 10:36 AM EST

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.

13. November 2007 by
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