17/04/2008 - 06:36

Today's Business Headlines

17/04/2008 - 06:36

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Rio surges on London talk BHP ready to sweeten offer; Beijing takes over BHP raid plans; Wesfarmers mulls multi-billion dollar raising; Paladin pair lynched as Merrill sells off shares; Inside the Stokes bunker: cashed up and set to pounce

Today's Business Headlines

Rio surges on London talk BHP ready to sweeten offer
Speculation was rife last night that BHP Billiton was poised to increase its 3.4-for-1 offer for Rio Tinto to 4-for-1, valuing Rio at more than $210 billion. The West

Beijing takes over BHP raid plans
Beijing is poised to take greater control of China's push to secure Australian iron ore assets. The Australian

Wesfarmers mulls multi-billion dollar raising
Wesfarmers is evaluating a multi-billion-dollar equity raising as part of the refinancing of short-term debt to be completed by October, following last year's $18 billion acquisition of Coles Group. The Fin Review

Paladin pair lynched as Merrill sells off shares
International investment bank Merrill Lynch is facing a Federal Court push to buy back more than $60 milllion in Paladin energy shares that appear to have been hurriedly sold as part of the unravelling of failed margin lender Lift Capital. The West

Inside the Stokes bunker: cashed up and set to pounce
Media mogul Kerry Stokes's Seven Network has $1.6 billion in cash reserves. The Fin Review

THE WEST AUSTRALIAN
Business: Speculation was rife last night that BHP Billiton was poised to increase its 3.4-for-1 offer for Rio Tinto to 4-for-1, valuing Rio at more than $210 billion.

Brierty shares saved over big hit to profit

International investment bank Merrill Lynch is facing a Federal Court push to buy back more than $60 milllion in Paladin energy shares that appear to have been hurriedly sold as part of the unravelling of failed margin lender Lift Capital.


 

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