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Mining sector superconsolidation on hold (from Corporate Dealmaker)

When BHP Billiton Ltd. CEO Marius Kloppers launched his hostile, mostly stock bid for Rio Tinto plc a year ago, it was valued at $194 billion. When BHP withdrew it Tuesday, it was worth $66 billion. The difference was indicative of the falloff in commodities demand -- and mining stocks...

Posted on November 26, 2008 11:01 AM

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