Merger faces new hurdles
Article Abstract:
The proposed merger of the iron ore operations of Broken Hill Proprietary Company Ltd. (BHP) and Rio Tinto Ltd. makes business sense, but opponents offer equally strong arguments. Opponents wonder if it is in the best interest of Australia and the open market to have a single company operating an entire important industry. The new entity would have 20% of the world's iron ore trade. The Japanese reaction will be key; they are considering offering a long-term contract to Australian iron ore competitor North. Both BHP and Rio Tinto have declined to discuss merger details.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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Billiton assets might be a liability
Article Abstract:
Issues are presented concerning the assets which are likely to be sold following the merger of the mining companies BHP and Billiton. The criticism of the merger which has been expressed by independent observers is discussed.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2001
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Falling out of bed
Article Abstract:
The merger of BHP and Billiton in 2001 in a 57-billion Australian dollars deal is discussed. The success of this merger depends on a number of factors including the compatibility of the companies' two cultures.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 2001
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