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/ 7 February 2008

BHP Billiton bid for Rio Tinto fails again

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”.