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Europe Delays Decision On Mining Company Merger.
- Source :
-
New York Times . 7/5/2008, Vol. 157 Issue 54362, p2. 0p. - Publication Year :
- 2008
-
Abstract
- European Union regulators extended an investigation into BHP Billiton's hostile bid for the Rio Tinto Group because of ''serious doubts'' about the combination, which would control more than a third of the world's iron ore production. The European Commission, in charge of antitrust rulings, will review the proposed $163 billion acquisition for an additional 90 working days and announce a decision by Nov. 11, it said in a statement in Brussels on Friday. The antitrust division of the United States Justice Department gave partial approval Thursday. The takeover also needs agreement from Australia and South Africa. [ABSTRACT FROM PUBLISHER]
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 157
- Issue :
- 54362
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 32952199