BHP rules out cash in Rio bid

BHP Billiton chief executive Marius Kloppers told investors the firm will not add a cash sweetener to a proposed all-share takeover bid for mining rival Rio Tinto.

By Agencies | Nov 20, 2007, 02.30 AM IST

JOHANNESBURG: BHP Billiton chief executive Marius Kloppers told investors the firm will not add a cash sweetener to
a proposed all-share takeover bid for mining rival Rio Tinto, a South African BHP shareholder said on Monday.

Kloppers was in South Africa last week to discuss BHP’s takeover proposal for Rio worth as much as $140 billion with shareholders of both companies.

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