EU Objects To BHP Billiton's Rio Tinto Bid

Law360, New York (November 4, 2008, 12:00 AM EST) -- Marking yet another bump in the road for BHP Billiton Ltd., the global mining giant revealed Tuesday that Europe's competition watchdog had issued a statement of objections to its $130 billion hostile bid for rival Rio Tinto Group, a move that would create the world's largest iron ore miner.

The company confirmed in a statement that it had received the European Commission's objections in relation to its preconditional offer for Rio Tinto.

“BHP Billiton is continuing to work cooperatively with the European Commission and, in accordance...
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