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Rio Tinto restates that BHP purchase price is lower than its value

Monday, Jan 28, 2008
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Jan. 25—Rio Tinto restate the price give by BHP is significantly lower than its value. Rio Tinto has turned off the $1,14b takeover price offer by BHP before. UK Takeover Panel required BHP to make w decision before Feb. 6. Information said that BHP board said they will organize a meeting in next week, may make a decision on if they will submit a formal takeover offer or walk away.

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