SYDNEY, Australia (AP) -- Mining giant BHP Billiton Ltd. said it was looking for other takeover targets during the current global financial turmoil, after abandoning its $68 billion hostile bid for Rio Tinto citing risky conditions.
Rio Tinto, meanwhile, defended its balance sheet Wednesday after conceding that its purchase of Canadian aluminum producer Alcan Inc. last year had lumbered it with a large debt burden. BHP Billiton cited Rio Tinto's debt as one reason for walking away from the mammoth takeover bid.
Rio Tinto, meanwhile, defended its balance sheet Wednesday after conceding that its purchase of Canadian aluminum producer Alcan Inc. last year had lumbered it with a large debt burden. BHP Billiton cited Rio Tinto's debt as one reason for walking away from the mammoth takeover bid.
RTP.nyse
Aucun commentaire:
Enregistrer un commentaire