Ann: BHP: Announcement Regarding Rio Tinto Offers, page-22

  1. 7,728 Posts.
    re: Ann: RIO: BHP: Announcement Regarding Rio... BHP in announcing its second half profit did say it wanted to do a share buyback but was precluded from doing so because of the takeover.

    Interesting: RIO's price is roughly in the same ratio to BHP's before the takeover was announced.

    At the time, BHP was $47, and Rio $115. That's a 2.5:1 ratio.... which is what it is now.
 
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