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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: dragonesquire who wrote (3307)	2/5/2008 6:40:40 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 6370

RTP Share / ADR Ratio is 2:1. Meaning, one RTP is exchanged for 6.8 BHP (as trading on NY), according to the proposal. The whole new consideration is in the 173B area rather than 147B. For example, $69.12 * 2 * 3.4 is around $470. Also see: BHP Billiton launches bid for Rio Tinto Tuesday February 5, 5:14 pm ET SYDNEY (Reuters) - BHP Billiton Ltd/Plc (ASX:BHP.AX - News; LSE:BLT.L - News) formally launched a $147.4 billion takeover bid on Wednesday for rival Rio Tinto Ltd/Plc (ASX:RIO.AX - News; LSE:RIO.L - News). BHP said it would offer 3.4 of its shares for every Rio share, in what would be the biggest ever takeover in the mining sector. The offer has a minimum acceptance condition of 50 percent of Rio Tinto shares, with Rio shareholders to hold 44 percent of the merged entity. (Reporting by James Regan) AP BHP Billiton Ups Offer for Rio Tinto Tuesday February 5, 6:49 pm ET BHP Billiton Makes Formal, Higher Offer for Rio Tinto Valued at $173.6 Billion