Project DeBello ... 5 years on

It's been 5 years since "Project DeBello" was called off.  I was reminded of this when I read the article by Matthew Stevens in the Weekend Financial Review (sorry, there's a paywall, but hopefully you get the idea).    This was BHP Billiton's project to take over Rio Tinto.   Stevens outlines how, a few weeks after the GFC, BHP Billiton decided not to proceed with the proposal, and in particular, not to offer divestment undertakings to the European competition regulators, with the consequence that the proposal could not proceed.

Those of us who were involved in the project (although my role was that of a very small cog indeed!) look back wistfully on it.   With hindsight, after the GFC, it couldn't have proceeded...but imagine if things had been different and it had been implemented.