Rio rejects BHP takeover bid citing strong profits
| Source: | Lateline Business |
|---|---|
| Published: | Tuesday, August 26, 2008 7:28 AEST |
| Expires: | Monday, November 24, 2008 7:28 AEST |
Rio Tinto has posted an $8 billion first-half profit. The company says the result proves its ability to create value and has again rejected BHP Billiton's takeover bid.