Resource Tycoon Reborn

At 10 a.m. on February 23, BHP Billiton Group Chairman Peter Andrews publicly announced to many media at the headquarters building that BHP Billiton Group Company formally issued a takeover offer to Rio Tinto Group Company, willing to pay 3.5 BHP Billiton shares for every

stock in exchange for one Rio Tinto stock! This news shocked the world. Calculated based on the stock value of the two companies at the time, the total transaction amount exceeded US$150 billion. If the transaction is successfully concluded, it will become a global industrial and commercial

The second largest corporate acquisition in history!

At noon on February 23, in interviews with different media, Rio Tinto Group Chairman Richard Veitch and President Westbrook made it clear that Rio Tinto Group would not accept the acquisition offer from BHP Billiton Group because

In the view of both men, this new acquisition offer still does not faithfully reflect the true value of Rio Tinto Group's assets, and both said that Rio Tinto Group refused to enter into acquisition negotiations with BHP Billiton Group Company.

On February 24, BHP Billiton CEO Krius Slopok said in an interview with the media that BHP Billiton Group Company and Rio Tinto Group Company, no matter in terms of asset composition, corporate values, corporate strategy, corporate culture

They are highly consistent in many aspects, and the two companies have jointly participated and invested in multiple fields and joint venture projects, and have achieved very good results. After the merger of the two companies, they will become a unique diversified ore supplier in the world.

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In terms of iron ore supply, the market price can be said to depend on marginal production costs and the relationship between supply and demand. The merged company can not only further integrate the resources owned by the two companies in terms of iron ore production, but also

Formulate a more optimized and reasonable development strategy to improve the operating efficiency of the new company, reduce production costs, and provide global steel companies with more high-quality and cheap resources. Moreover, the new company after the merger will significantly reduce costs, possibly every year

More than $3 billion in synergies will be created. In just two years after the merger, total one-time cash cost savings may be as high as $700 to $800 million!

On February 26, the European Steel Manufacturers Alliance formally requested the European Commission to refuse to approve the merger proposal of BHP Billiton Group and Rio Tinto Group. The alliance believes that the two largest and third largest iron ore producers in the world

Corporate mergers will not bring any benefits to the iron ore market, which is at a historical high. Instead, it will further expand the monopoly of iron ore supply and further restrict the supply of raw materials to the global steel industry. Therefore, this

A merger and acquisition is not conducive to the development of the iron ore mining industry. It is also not conducive to protecting the interests of European steel companies!

On February 27, the board of directors of Rio Tinto Group announced that it would formally reject the new acquisition plan of BHP Billiton Group. Prior to this, Andrew, chairman of BHP Group, said in an interview with Australian media that the board of directors of the new company after the merger would

There are several seats reserved for Rio Tinto Group's independent directors. Moreover, he once again reiterated that BHP Billiton's proposal is beneficial to Rio Tinto Group's shareholders, that is, after the establishment of the new company, it will increase the level of responsibility for shareholders.

The return on investment, and the acquisition plan proposed by BHP Billiton Group Company is essentially a 45% premium acquisition!

"The hand of Andrew, chairman of BHP Billiton Group, was cruel enough!" Li Jianxi pointed at the newspaper and said to Fang Mingyuan beside him. "He said, 'The shareholders of Rio Tinto Group should raise two reasonable questions to its board of directors.

: How can it justify rejecting BHP Billiton’s 45% premium acquisition? If it refuses to negotiate with BHP Billiton, how is it prepared to dedicate this acquisition premium to shareholders?’ The question is very sharp!”

"Well, although the Rio Tinto Group's board of directors has rejected BHP Billiton's acquisition offer, it does not mean that the dust has settled." Fang Mingyuan said with a smile, "Andrew and the others are likely to bypass the Rio Tinto Group's board of directors and directly propose to the company.

The shareholders made a takeover offer, and by making such a statement, he was also persuading the shareholders of Tuo Group to put pressure on the company's board of directors to force the board of directors to return to the negotiating table."

"Also, many well-known companies and institutions such as Japan's Nippon Steel Corporation, South Korea's Posco Steel, the World Steel Association, the United States Steel Industry Association, and the China Iron and Steel Industry Association have expressed their opposition to the acquisition of BHP Billiton Group Company.

Severe words such as 'unwelcome' formally responded to BHP Billiton Group's acquisition proposal, and called on relevant antitrust agencies in various countries to conduct strict review of this merger." Li Jianxi read softly. "This time BHP Billiton Group's acquisition

But there are many obstacles! Do you think it is possible for them to succeed?"

Fang Mingyuan turned his head thoughtfully. In his previous life, BHP Billiton Group failed in the end. After getting approval from antitrust agencies in several countries, it was unwilling to bear the responsibilities in the transaction because of the deteriorating global economic situation and the uncertainty of the future market environment.

The excessive risk was also to protect the interests of shareholders of BHP Billiton Group Company, and the company publicly announced the withdrawal of the acquisition offer. It was precisely because BHP Group Company withdrew the acquisition offer that the share price of Rio Tinto Group Company plummeted!

"There is a possibility of success. But we have to work hard to prevent him from succeeding!" Fang Mingyuan said with a smile, "Otherwise, Haiping Mining Company and CMM Company will have to face a more powerful competitor, China and South Korea.

Steel companies will also face greater price blackmail."

Li Jianxi threw the newspaper aside casually, picked up the porridge bowl in front of him, took two sips and said: "I heard from Xintong that you postponed the release date of "Hero 3" in South Korea to the end of March. That's it.

Are you optimistic about the new works of HaoMovieEntertainment Film Company?"

Hong Kong Kumho Film Group's 2008 first masterpiece "Hero 3" was released globally on February 28. As the last film in the "Hero" series, it has naturally attracted the attention of countless movie fans around the world.

The two films of the "Heroes" trilogy that have been released have achieved excellent box office in the global film market. Although they are not yet able to challenge the top ten in the global film box office list, among Eastern-themed films, they have become

It is a well-deserved top spot and has won countless fans around the world. It has also made Chinese, Korean and Japanese film companies see a bright future. It is not that the global film market does not welcome Oriental-themed films! (To be continued.)