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  1. Bungled deals destroy myth on acquisitions

    Posted Jun 08th 2009, 12:00am by Wang Xiangwei

    ... the Hummer brand from General Motors. On Friday, the state-owned Aluminum Corp of China (Chinalco) announced that its US$19.5 billion tie-up with the Australian-British mining giant Rio Tinto had ... of its gas-guzzling nature and large body. Meanwhile, a true body blow to China's global ambitions came on Friday when Rio Tinto walked away from a US$19.5 billion investment by Chinalco ...

    http://www.scmp.com/article/683005/bungled-deals-destroy-myth-acquisitions

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