Wednesday, July 11, 2007

Asian Shares Rise, Led by BHP Billiton, Posco, on Metals Prices, Takeovers

(Bloomberg) -- Asian stocks climbed, led by BHP
Billiton Ltd., on higher commodity prices and speculation of
further takeovers in the metals industry.

Rio Tinto Group, the world's third-largest mining company,
rose to a record after the Times of London said it's set to bid
for Alcan Inc. South Korea's Posco paced a rally in steelmakers
after Chaparral Steel Co. agreed to be bought for $4.22 billion.


Read more at Bloomberg Stocks News

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