Rio Tinto (RTP +3.6%) is ready to walk on the $116B deal to merge Australian iron ore operations...

|By:, SA News Editor

Rio Tinto (RTP +3.6%) is ready to walk on the $116B deal to merge Australian iron ore operations with BHP Billiton (BHP +2.4%), Sydney Morning Herald reports. The catalysts: better finances, shareholder pressure, and the notion that the deal favored BHP.