BHP fight may cost Rio $1B 'success fee'
Dec 12, 2008 | 12:31 PM
|
Rio Tinto is facing a sizeable bill from advisers and lawyers for what they claim was their success in fending off BHP Billiton's $66-billion hostile takeover bid, sources said.
Rio, which said earlier this month it would have to cut jobs, expenditures and production in order to pay off debt, could be facing a "success fee" of as much as $1 billion, a source close to BHP said. Other market sources estimated the bill was in the range of $600 million to $800 million.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here