Rio Tinto Sent Reverse takeover Offer to BHP Billiton

News from New York, Nov. 15: “Wall Street Daily” released an unsigned report on its website, this report said Rio Tinto has sent reverse takeover to BHP Billiton while besting back its takeover offer, giving Pac-Man defense. Early this month, Rio said BHP’s 140 billion tender offer “has significantly inder estimated its value and future.” Wall Street Daily said in order to repel BHP’s offer, it is considering on many alternative proposals. That including sells its assets or other measures which can raise shares holds’ value. It also said that Rio Tinto plan to summarize these defense plans in the meeting hold on Nov. 26.