Rio Tinto rejects BHP Billiton takeover bid

LONDON: Anglo-Australian mining giant Rio Tinto said Wednesday that it had rejected a 147.4-billion-dollar (100.9-billion-euro) takeover bid from peer BHP Billiton.

Rio Tinto said in a statement that its management has "unanimously rejected BHP Billiton's pre-conditional offers as not being in the best interests of shareholders."