BHP 1.32% $36.00 bhp group limited


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    LONDON (Dow Jones)--Global diversified miner Rio Tinto PLC (RTP) said Tuesday it had received a letter from European Union competition officials outlining E.U. objections to BHP Billiton Ltd.'s (BHP) bid for its smaller rival.
    Rio Tinto declined to comment on the contents of the letter.
    BHP Billiton Ltd. Nov. 4 confirmed that it had received a "statement of objections" to its bid for Rio Tinto from E.U. antitrust regulators. Rio Tinto Tuesday received an abbreviated version of that statement.
    The E.U. earlier this year raised concerns the deal could result in higher prices and reduced choice for customers of the combined entity. The review is expected to focus on iron ore.
    In past mining sector deals, the E.U. has required divestments before approving some mergers.
    BHP Billiton, the world's biggest miner, in February made a hostile, all-share offer for Rio Tinto. Rio Tinto rejected the deal.
    Company Web site:
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$36.32 $36.36 $35.85 $158.9M 4.409M

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