Wednesday November 26, 12:18 AM
Rio Tinto shares dive 36 pct after BHP drops bid
SYDNEY, Nov 26 (Reuters) - Shares in global miner Rio Tinto Ltd (Munich: 855018 - news) dropped 36 percent on resuming trade in Australia after rival BHP Billiton Ltd dropped its hostile bid for Rio after Tuesday's close.
Rio stock was down 35.0 percent at A$41.52 by 0001 GMT, after hitting a low of A$40.86, while BHP (LSE: BLT.L - news) 's Australian shares rose 8.3 percent to A$28.40.
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(Reporting by James Thornhill)
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