Rio deal 'lifted by falling prices'

Bill Condie, Evening Standard Marius Kloppers says BHP's higher profit margins and lower debt than its rival will swing investors behind his bid. The expected cost savings of $3.7bn are also more valuable as commodity prices decline, he said. Rio Tinto has rejected BHP's sweetened offer of 3.4 BHP shares for each of its own,... [read full story]