Rio Tinto's board rejects sweetened bid: miner says BHP offer still undervalues assets; common shareholders

Article Abstract:

Australian mining company Rio Tinto Ltd. has rejected a raised bid from rival BHP Billiton Ltd., a deal that values each Rio Tinto share at 3.4 BHP shares and places the offer at $147.4 bil. If eventually successful, the deal would become one of the largest takeovers ever worldwide. Rio based its rebuff on strong commodity demand and higher prices projected for mining products.

Mining & Extractive Industries, Mining, All Other Metal Ore Mining, METAL MINING, Ferroalloy Ores, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Australia, Mining industry, Mineral industry, Rio Tinto Ltd., BHP Billiton Ltd., RIO

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Microsoft unlikely to raise Yahoo offer: suitor feels it can wait amid weak economy, doubt over others' bids

Article Abstract:

Article discusses Microsoft's strategic planning and negotiations after a $44.6 billion acquisition bid on Yahoo Inc. It is argued that under present economic conditions it is unlikely that Microsoft will increase its offer, or that Yahoo will find alternatives to Microsoft's proposal.

Forecasts, trends, outlooks, United States, Microsoft Corp., Negotiation, mediation and arbitration, MSFT, Yahoo! Inc., Information industry, YHOO, Company business forecast/projection, Company forecasts, Industry forecasts

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