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Rio Tinto rejects BHP Billiton's $147.4 billion buyout offer.

Publication: Metal Center News
Publication Date: 01-FEB-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Rio Tinto rejects BHP Billiton's $147.4 billion buyout offer.(METAL INDUSTRY NEWS)

Article Excerpt
RIO TINTO HAS REJECTED A $147.4 BILLION buyout offer from BHP Billiton which would have created the world's largest natural resources company.

"The logic of this transaction is well understood; a combination would provide opportunities to exploit quantified synergies and benefits worth $3.7 billion per annum, which would otherwise...

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