BHP Billiton bids for Rio Tinto:
BHP Billiton is offering 3.4 of its shares for every one Rio Tinto share, an increase from the initial informal proposal of three-for-one, the Melbourne-based company said. The offer applies to both companies in the Rio Tinto Group, the Australian-listed company Rio Tinto Ltd. and British-listed Rio Tinto PLC.
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