| From WSJ: The European Union's antitrust regulator outlined objections to BHP Billiton's $83.6 billion hostile takeover of rival miner Rio Tinto, highlighting concerns that the tie-up would create a colossus with too much pricing leverage over iron ore and other commodities needed by European manufacturers.
The objections were expected. The EU remains the most serious regulatory obstacle to the deal, because BHP has received green lights from antitrust authorities in the U.S. and Australia. On Tuesday, BHP, of Melbourne, Australia, said it had received a "statement of objections" from Brussels, a document that lays out the EU's potential case for.... Full Article: Source
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