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BHP dumps Rio mining mega-bid as downturn bites

 
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Sela
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PostPosted: Tue Nov 25, 2008 9:19 pm    Post subject: BHP dumps Rio mining mega-bid as downturn bites Reply with quote
SYDNEY/LONDON (Reuters) - Global miner BHP Billiton on Tuesday abandoned its hostile takeover bid for rival Rio Tinto, blaming sliding metals prices and the threat of global recession for scuppering the mega-merger.<div class="feedflare">
<a href="http://feeds.reuters.com/~f/reuters/topNews?a=z3jp9Q55"><img src="http://feedproxy.google.com/~f/reuters/topNews?d=41" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=TAg9OhwS"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=TAg9OhwS" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=A05Uh8Hy"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=A05Uh8Hy" border="0"></img></a>
</div><img src="http://feedproxy.google.com/~r/reuters/topNews/~4/F-OwWTIxiMk" height="1" width="1"/>

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