BHP’s takeover of Rio dies

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Wed, Dec 3, 2008

Natural Resource Market News
Post by Melissa Pistilli, Resource Reporter

Iron Investing News reports BHP and Rio’s takeover bid finally ended.

Although the deal is dead in the water for now, it’s an idea that will no doubt remain in the minds of BHP management for the future. The desire to merge BHP and Rio began in the 1990s and was first tried in 2001 by former BHP CEO Brian Gilbertson.

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