BHP Billiton abandoned its year-long pursuit of Anglo-Australian mining rival Rio Tinto on Tuesday, making the deal the biggest victim of the credit crunch so far and triggering a 37 per cent fall in Rio’s shares.
COMPANIES
BHP’s bid for Rio falls victim to crunch
By Peter Smith in Sydney
Published: November 25 2008 07:29 | Last updated: November 26 2008 05:27
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