article 3 months old

FNArena Alert: BHP Billiton offers 3.4 to one for Rio Tinto

Australia | Feb 06 2008

Array
(
    [0] => Array
        (
            [0] => ((BHP))
            [1] => ((RIO))
        )

    [1] => Array
        (
            [0] => BHP
            [1] => RIO
        )

)
List StockArray ( [0] => BHP [1] => RIO )

This story features BHP GROUP LIMITED, and other companies.
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The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS

By Rudi Filapek-Vandyck

BHP Billiton ((BHP)) has sweetened its offer to Rio Tinto ((RIO)) shareholders this morning, now offering 3.4 of its own shares for each share of its target. At yesterday’s closing share prices the revised offer represents a premium of 5.4% for Rio Tinto shareholders.

The revised offer values Rio Tinto at some $147.4 billion.

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CHARTS

BHP RIO

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For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED

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