HSR wait ends early in BHP Billiton's proposed acquisition of Rio Tinto

By Lisa Kerner

Charlotte, N.C., July 3 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in BHP Billiton Ltd.'s proposed acquisition of Rio Tinto Ltd. and Rio Tinto plc.

In February, BHP Billiton offered to acquire all of the shares of Rio Tinto to create "the world's premier diversified natural resources company."

Rio Tinto, a London-based mining company, rejected the pre-conditional offer of 3.4 BHP Billiton shares for each Rio Tinto share in the proposed deal worth a reported $170 billion, it was previously reported.

Melbourne, Australia-based BHP Billiton engages in the extraction and processing of minerals, oil and gas primarily in Australia, Latin America and southern Africa.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.