CAPITAL MARKETS

Billiton shareholders back BHP merger

SHAREHOLDERS in Billiton have overwhelmingly approved the proposed US$28 billion merger with BHP that would create the world's largest diversified mining group.

Greg Tubby

Billiton said 91.5% of votes were cast in favour of the deal in what turned out to be a low-key affair. More than 50% of Billiton shares were represented in the vote. Although shareholders had been expected...

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