Articles Tagged "hostile takeover"

BHP encounters another hurdle

By Melissa Pistilli – Exclusive to Iron Investing News BHP Billiton is experiencing yet another setback in its attempt to acquire Rio Tinto Group in a hostile takeover bid. On August 13, the European Commission asked BHP for more information in its efforts to determine whether or not to approve the transaction. The Commission has since [...]

Rio May Elude BHP’s Grasp

BHP Billiton’s ongoing hostile takeover bid of of Rio Tinto may be over by the year-end.   Four months ago, the $142 billion takeover was considered by most to be a sure bet.  But now, all signs are pointing towards the bid running out of steam as the Chinese Ministry of Commerce and the European Commission seem [...]