Shares of BHP Billiton, Rio Tinto climb on rumors of higher bid for Rio, Chinese stake

iht.com     May 14, 2008            

Shares of BHP Billiton Ltd. and Rio Tinto Ltd. surged in Australia on Wednesday as fresh rumors swirled around the two companies linked by what could be the largest takeover ever in the mining sector. BHP Billiton shares rose as much as 6 percent on rumors that an unnamed Chinese entity is... [read full story]                    

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