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/ 7 February 2008
BHP Billiton, the world’s biggest mining company, sweetened its takeover bid for rival Rio Tinto on Wednesday to ,4-billion, but its proposal was again rebuffed. Amid reports that Rio Tinto could become the centre of a bidding battle, the company’s management rejected the BHP offer as ”not being in the best interests of shareholders”.
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/ 24 December 2007
China has sanctioned state-owned companies to examine three possible strategies to block BHP Billiton’s proposed takeover of mining giant Rio Tinto, a report said Monday. Strategies include forming a domestic consortium to bid for Rio Tinto, a joint bid by domestic and foreign firms, or purchasing Rio shares on the open market.