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BHP's Rio takeover offer hits the buffers

China Daily | Updated: 2008-11-26 07:59

BHP's Rio takeover offer hits the buffers

An undated company photograph of Rio Tinto Group's iron ore operations in Australia. Bloomberg News

BHP Billiton Ltd abandoned its year-long pursuit of Rio Tinto Group, blaming the rout in commodities prices and the credit-market squeeze for derailing the biggest hostile offer.

BHP's Rio takeover offer hits the buffers

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