but why would you want to fend off BHP?
they are the better performer of the two for a long time now.
Stronger management (im sure we could argue that till the cows come home), better assets (lets just start with the oil exposure).
I bought a chunk of RIO very recently and did it with the full intention of being first in line when the BHP offer comes through.
I appreciate there is a risk it wont eventuate, in which case i am still holding onto a good company anyway, but i wonder how many other investors have bought RIO since the BHP offer with the full intent of accepting the deal.
I would suspect a great deal (not to mention the institutes who would love to close the 8% gap).
If the RIO board seriously dont intend to meet with BHP, i think they are neglecting their primary role (looking after shareholder interests). I suspect that, that is not the case, and they are just waiting for approval of the deal before they spend any genuine effort on considering the options.
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$123.31 |
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Open | High | Low | Value | Volume |
$123.90 | $124.47 | $122.50 | $208.3M | 1.686M |
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No. | Vol. | Price($) |
---|---|---|
1 | 1271 | $123.31 |
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No. | Vol. | Price($) |
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1 | 7 | 123.100 |
1 | 100 | 123.000 |
1 | 8 | 122.830 |
1 | 37 | 122.800 |
1 | 1000 | 122.000 |
Price($) | Vol. | No. |
---|---|---|
123.700 | 150 | 1 |
123.920 | 1000 | 1 |
124.000 | 542 | 5 |
124.190 | 200 | 1 |
124.350 | 500 | 1 |
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