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BHP: gets partial U.S. anti-trust clearance for Rio bid

SYDNEY
Thu Jul 3, 2008 2:45am EDT

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SYDNEY (Reuters) - BHP Billiton Ltd/Plc (BHP.AX)(BLT.L) has received partial clearance from U.S. anti-trust watchdogs to proceed with its bid for rival Rio Tinto Ltd/Plc (RIO.AX)(RIO.L), BHP said on Thursday.

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It said it had received notice of an early termination of the Hart-Scott-Rodino Act waiting period and completion of a merger review by the Department of Justice.

The Act gives the U.S. government a chance to review the potential effects on competition of mergers.

(Reporting by James Regan)
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