Takeover target possibility still well alive....
Rio Tinto (RIO)Over the past 18 months the Rio board has probably become more experienced than most at dealing with takeover situations. To recap, the company fended off (stupidly) BHP's advances, then invited China's Chinalco to consider a major investment proposal before changing its mind, and has recently completed a mammoth capital raising to pay down debt.
Oh, and BHP has been approached again with an attractive WA iron ore asset merger, which is waiting regulatory approval. Next to BHP and Brazil's Vale, Rio is one of the world's premier diversified miners and as such remains attractive to both its competitors and its customers. Add to this the current merger negotiations taking place between Anglo-American and Xstrata, and it's clear that Rio is still very much the takeover target it first appeared back in late 2007.
Takeover target possibility still well alive....Rio Tinto...
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