CAPITAL MARKETS

BHP outlines its vision for Rio merger

BHP Billiton revealed this afternoon that it expects savings of $US3.7 billion ($A4.06 billion) per year would flow from a merger with Rio Tinto, but Rio is still refusing to be wooed.

Kate Haycock

BHP outlines its vision for Rio merger

BHP, which also revealed plans for an initial share buy-back of around $US30 billion post-merger based on the strong cash-flow of the new company, said the marriage between the two would create the world’s...

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