BHP, Rio Tinto Could Raise Up to $21 Billion for M&A, BofA SaysBy
Sales may hasten distress of rivals including Anglo, Fortescue
Miners decline in London, with BHP falling most in two months
BHP Billiton Ltd. and Rio Tinto Group, the world’s biggest mining companies, could sell as much as $21 billion of shares to help them buy assets from distressed industry rivals, said analysts at Bank of America Corp. Mining stocks slumped on Wednesday.
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