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Rio Tinto Rejects $147B BHP Bid
Rio Tinto Rejects $147B BHP Bid
UPDATED
Feb 6, 2008 11:24 AM CST

Rio Tinto Rejects $147B BHP Bid

Mining giant holds out for an even better offer from rival

(Newser) - Rio Tinto today rejected a $147.4B bid from rival mining giant BHP Billiton, the Wall Street Journal reports. Although the bid would have been one of the largest takeovers ever, Rio is holding out for a sweeter deal. "BHP Billiton's offers, while improved, still fail to recognize the...

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