theage.com.au: BHP delays date with regulators over Rio bid
“Fortescue Metals chief executive Andrew Forrest said this month his company would examine any iron ore assets made available if the BHP-Rio deal proceeded, but they would have to be more attractive than Fortescue’s internal investment opportunities.”
I think the Chinese, Xstrata, Anglo, and Teck are ahead of you in line, Mr. Forrest, for any iron ore assets BHP has to sell to meet the anti-trust regulators. They all have deeper pockets. If Rio Tinto is broken up, the line of bidders is going to be a mile long, but then the value of the deal is going to be less to BHP. This week I will go into this deal in depth.
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