UK panel sets deadline for BHP Billiton
by Jo Black
The UK Takeover Panel Executive has set a deadline of February 6, 2008 for BHP Billiton to announce a firm intention to make an offer for Rio Tinto plc under Rule 2.5 of the UK Takeover code.
BHP Billiton is considering its options in light of the deadline set by the Panel Executive but no decision has yet been taken on this matter. Accordingly, there can be no assurance that BHP Billiton will progress its proposal to Rio Tinto or that any offer for Rio Tinto will be made.
BHP Billiton continues to seek to engage in discussions with Rio Tinto with a view to obtaining the support and recommendation of the Board of Rio Tinto for its proposal.
Story link: UK panel sets deadline for BHP Billiton
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