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Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

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Rio Tinto shares dive 36 percent after BHP drops bid

SYDNEY
Wed Nov 26, 2008 7:25am EST

Stocks

   

SYDNEY (Reuters) - Shares in global miner Rio Tinto Ltd (RIO.AX) dropped 36 percent on resuming trade in Australia after rival BHP Billiton Ltd (BHP.AX) dropped its hostile bid for Rio after Tuesday's close.

Rio stock was down 35.0 percent at A$41.52 by 12:01 a.m. GMT (7:01 p.m. EST), after hitting a low of A$40.86, while BHP's Australian shares rose 8.3 percent to A$28.40.

(Reporting by James Thornhill)


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The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

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