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BHP Billiton Launches Hostile Bid for Rio

10:05 PM ET Tue, 5 Feb 2008

Rio Tinto shares rose after BHP Billiton launched a $147.4 billion formal bid for the company. CNBC's Sri Jegarajah and Amanda Drury bring you the latest including comments from Marius Kloppers, CEO of BHP Billiton.