BHP received support from many banks and may hostile takeover Rio Tinto

Jan. 20—BHP has received support from many banks, it may hostile purchase Rio Tinto. Information from “Sunday Times” said that BHP has received fund support from many banks such as: Barclays Capital, UES, National City Bank of New York, Goldman Sach, HSBC Holdings, Paris Bank and State Bank of Spain, so it now has enough fund to takeover Rio Tinto. “Sunday Telegraph” cite Words of a consulter of BHP said things is seems go on this way through BHP hasn’t put out a hostile takeover plan now.” UK takeover panel has said that BHP must give a formal takeover plan or wait for six months.