BHP Billiton announced Feb. 6 revised offers to acquire the whole of the issued share capital of Rio Tinto Limited at an exchange ratio of 3.4 BHP Billiton Limited shares for each Rio Tinto Limited share, and the whole of the issued share capital of Rio Tinto plc at an exchange ratio of 3.4 BHP Billiton plc shares for each Rio Tinto plc share, consisting of 80 percent BHP Billiton plc shares and 20 percent BHP Billiton Limited shares. (The stocks of both BHP Billiton and Rio Tinto are listed in the UK, Australia, etc.) The offers are subject to pre-conditions relating to certain anti-trust clearances in the EU, the US, Australia, Canada and South Africa, and FIRB approval in Australia.
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