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Rio Tinto Rejects $147B BHP Bid

Mining giant holds out for an even better offer from rival

By Sam Gale Rosen,  Newser Staff

Posted Feb 6, 2008 11:24 AM CST

(Newser) – Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved,...   Read full story »

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aluminum • BHP Billiton • Rio Tinto Group • copper • iron ore • Cia. Vale do Rio Doce • Xstrata

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