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Antitrust officials scrutinize proposed BHP-Rio Tinto deal

Authors :
Matthews, Robert Guy
Moffett, Sebastian
Forelle, Charles
Source :
Wall Street Journal. Europe. Feb 8, 2008, A1
Publication Year :
2008

Abstract

Japan's Fair Trade Commission and the European Union have together launched informal discussions as to whether a merger between Australian mining firms BHP Billiton Ltd. and Rio Tinto Ltd. would create an entity with excessive power over iron ore prices. BHP has sweetened its offer for Rio Tinto with an all-stock bid valued at $147.4 bil; however, Rio Tinto's board rejected it.

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.174370148