03/28/2008 02:45 am ET Updated May 25, 2011

Blackstone Denies Bidding For Rio Tinto

Blackstone Group said Monday it is not involved in the bidding process for U.K. mining company Rio Tinto in either an investment or advisory role. The comments are in response to a report in the Daily Telegraph that Blackstone plans a potential break-up bid for Rio Tinto. The company also said it has consulted with the U.K. Takeover Panel and told them that there is no truth to the article.

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