BHP gets thumbs up for Rio bid

THE Australian Competition and Consumer Commission says it will not block BHP Billiton’s proposed $A154 billion (K313.24 billion) takeover deal for arch rival Rio Tinto.

BHP gets thumbs up for Rio bid BHP gets thumbs up for Rio bid BHP gets thumbs up for Rio bid BHP gets thumbs up for Rio bid BHP gets thumbs up for Rio bid

Investors have welcomed yesterday's decision by Australia's corporate watchdog with BHP's share price jumping as much as $A2.40 (7%) to an intraday high of $33.40, while Rio Tinto rocketed $A14.

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