Rio Tinto to reveal how it will thwart bidder

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The Independent Online

Rio Tinto chief executive Tom Albanese will tomorrow detail his defence against the proposed takeover tabled by rival BHP Billiton earlier this month.

Shares in Rio closed up nearly 8 per cent on Friday ahead of Monday's announcement. Reports suggested management is mulling a range of options including a counter-bid, a poison pill defence and the sale of some assets.