Tuesday, November 25, 2008

Rio Tinto deal canceled

BHP Billiton 3.4 had its own titles for each Rio Tinto paper offered. But the resistance of the competition authorities was probably stronger than expected. Moreover, commodity prices in recent months rapidly. Had the new group even from some lucrative iron ore mines must be separated, the merger would not have been more rewarding.

The BHP shares then rose by up to 18 percent, while Rio Tinto around 35 percent of its value lost. Even if BHP's share probably still a little growth can be irritating to the next recession is not just for entry into the STOXX50 title. A far better chance of medium-risk ratio, the discount certificate from the Royal Bank of Scotland on.

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