A rare piece of good news for steelmakers: BHP Billiton is walking away from its bid for Rio Tinto. Aluminum Corp. of China, Chinalco and other Chinese steelmakers, in particular, were among the most outspoken about fears that the combination of two of the largest natural resources companies would have too much control over prices [...]
Posts Tagged as ‘M&A’
November 11, 2008
Bank Of China To Bid For U.K.’s HBOS. Don’t Think So.
An odd story on the BBC: Bank of China is considering a bid for the U.K. mortgage lender HBOS, which is being taken over by another British bank, Lloyds TSB under the British government’s bailout of its banks. The unsourced BBC report says talks are “at a pretty early stage.”
Were such a takeover to occur, [...]
