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Europe Delays Decision On Mining Company Merger.

Authors :
BLOOMBERG NEWS
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