BHP Billiton eyes Rio Tinto in mining's biggest-ever deal

摘要

The mining industry's merger mania returned to the very top of the food chain during the week ended Nov. 10, the 45th trading week of 2007. After months of rampant rumours, the world's biggest miner, BHP Billiton, admitted on Nov. 8 that it had been approaching a disinterested Rio Tinto with an offer for a friendly takeover. Rio Tinto described the offer as three BHP Billiton shares for every Rio Tinto share.