European Movers: British Land, Infineon, ENI, Ahold
BHP BILLITON (BHP) was up £0.07 to £16.05... Could offer 3.5 shrs for 1 Rio share - Traders note talk that the company could offer 3.5 shares for each Rio Tinto share. Note that the company had earlier offered 3 shares for each Rio Tinto share. The offer was rebuffed by Rio Tinto as too low. Rio Tinto, fighting off an unsolicited US$131.57 billion takeover bid from the company , is considering turning the tables on its rival and launching a counterbid for the company , according to people close to the matter, Thw WSJ writes.
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