If Rio Tinto is being bought out, no campany, no matter how big is safe. Even FCX! Talking about FCX and all big ones getting bought out on CNBC this morning. Even the Brazillian company might get in on it. (RIO).
"LONDON (Reuters) - BHP Billiton <BLT.L> <BHP.AX>, the world's biggest miner, said on Thursday it had made a bid approach to Rio Tinto <RIO.L> <RIO.AX>, but that its smaller rival had rejected the proposal.
"BHP Billiton now confirms that it recently wrote to the Board of Rio Tinto outlining a proposal in relation to a potential combination with Rio Tinto on terms incorporating a premium," BHP said in a statement.
"Rio Tinto rejected the proposal. BHP Billiton has again written to Rio Tinto and intends to continue to seek an opportunity to meet and discuss its proposal with Rio Tinto." "