European Commission Extends Inquiry Into BHP's Rio Takeover

摘要

The European Commission has extended the deadline for its in-depth inquiry into BHP Billiton's proposed 170 billion dollars acquisition of Rio Tinto to December 9, 2008, Thompson Financial reports. Earlier, the Commission had said it was opening an investigation into the planned takeover and had 90 days, or until November 11, to rule on the deal. The move was widely expected and a final decision on the planned takeover is not anticipated until the end of 2008 or early 2009.