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October 1, 2008 · 6:05AM

BHP Cleared To Buy Rio Tinto, Australia Shares Jump

The Australian Competition and Consumer Commission declined to block BHP Billiton’s hostile bid for rival Rio Tinto. Rio shares jumped on the news, which sent trading in all Australian shares higher. The S&P/ASX 200 Index closed up 194.1 points, or 4.2%. (The Australian)

Categories: Business & Finance Today · Mining, Ag., Commodities

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