galvanise, schemes of arrangement generally dont get up given the 75% threshold w/o board approval. Furthermore regulatory approval in the EU will be much easier to get with board backing. I expect BHP may decline to 'put up' and may walk fo r the required 6 months. RIO is very likely to issue a short term profit downgrade and without a BHP t/o I can see the RIO price falling back to $110-115. This will encourage shareholders to push the board to be a little less cavalier when kloppers comes back with a renewed offer mid year.
rio allged blackstone bid, page-32
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Last
$110.73 |
Change
-1.440(1.28%) |
Mkt cap ! $41.10B | |||
| Open | High | Low | Value | Volume |
| $111.10 | $111.69 | $110.34 | $121.9M | 1.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 430 | $110.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.74 | 3594 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |