Wednesday, February 6, 2008

BHP raises Rio bid; no immediate Chinese riposte (Reuters)



BHP Billiton Chief Executive Officer Marius Kloppers prepares to talk at the company's interim results briefing in Sydney, February 6, 2008. (Tim Wimborne/Reuters)Reuters - BHP Billiton launched a
sweetened but hostile $147.4 billion bid for rival miner Rio
Tinto on Wednesday, ending months of speculation and
setting the stage for the world's second-largest takeover.




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