According to BHP Billiton's CEO Marius Kloppers, his interaction with the Rio Tinto Group and BHP shareholders revealed that most of them see "logic" to BHP offer to buy out Rio Tinto. He had met around half of Rio Tinto's UK-based shareholders and "slightly less" of Rio Tinto’s Australia-based investors.%%BHP had offered three of its shares for one Rio Tinto share. The bid was rejected by Rio Tnito, and now BHP is asking the Rio Tinto shareholders to press the management to approve the merger, which would seemingly create a company that would own mines and oilfields on six continents, control more than one third of the iron-ore market and supply energy coal and copper at lower costs.%%To help push its bid, BHP plans to have "deep discussions" with the European Union's antitrust watchdog, which it believes is an important decision maker, in the case of the merger being accepted, as the regulator would want to ascertain if merging the companies' iron-ore assets would cause any harm.