BHP Billiton (BHP) may not get to buy Rio Tinto (RTP). Blackstone (BX) may beat them too it. According to the Telegraph, Blackstone is gettng together a group which may include an investment arm of the Chinese government.
According to the paper "Blackstone is ready to go further and break the business up completely. This would mean undoing this year’s merger with aluminium producer Alcan."
Rio Tinto has a market cap of over $150 billion. Blackstone clearly thinks that it can get much more than that especially by selling the company’s iron ore business.
Maybe the buy-out business isn’t dead after all, but look for BHP to come back with a larger offer.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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