From Wall st journal:
BHP Billiton Ltd. abruptly broke off its 18-month-long pursuit of rival miner Rio Tinto PLC, saying the recent fall in commodity prices and worsening world economy made the deal too risky to complete.
BHP said Tuesday it could still pursue other mining companies weakened by the downturn, asserting that it had a "strong balance sheet" to make a favorable deal.
The proposed all-stock takeover offer -- which had a value of around $170 billion this past summer at the height of the commodities boom but lately had fallen to about $68 billion -- would have linked up the world's largest ...
trading halt, page-4
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Last
$41.06 |
Change
-0.205(0.50%) |
Mkt cap ! $209.2B | |||
| Open | High | Low | Value | Volume |
| $41.02 | $41.15 | $41.01 | $34.40M | 838.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 112 | $41.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.06 | 749 | 6 |
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| Last trade - 10.06am 07/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |