Business Services Industry
Miners display plenty of mettle.(BHP Billiton Ltd. plans WMC Resources Ltd. takeover)(Brief Article)
Australasian Business Intelligence, March, 2005 by Hall, James
Mar 09, 2005 (The Australian Financial Review - ABIX via COMTEX)
BHP Billiton's $A9.2 billion takeover offer for WMC Resources has been welcomed by the Australian sharemarket. Shares in both companies reached record highs on 9 March 2005, but this did not prevent the S&P/ASX 200 closing lower. It lost 1.1 points to finish at 4,241.8. Hedge funds are still speculating on a possible counter-bid from Rio Tinto, which also closed higher, but commentators say this is unlikely. Other stocks in the top 200 to make strong gains were Minara Resources and Consolidated Minerals.
Publication Date: 10 March 2005
STANDARD AND POOR'S AUSTRALIAN STOCK
EXCHANGE ASX 200 INDEX:
BHP BILLITON LIMITED - ASX BHP:
WMC RESOURCES LIMITED - ASX...
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