Just reading some estimates of LTM's replacement cost being around USD $7.7bn that would represent USD $1bn more than RIO takeover price. The fact the bod have accepted an offer lower the price it would cost to replace them seems beyond stupid giving RIO an absolute steal. Even if the bid was at replacement cost of USD $7.7bn that would represent roughly an AUD $10.70 per share purchase price which sounds an awful lot better and representative of LTMs value. I am not convinced at all this is a good deal, especially with signs of life starting to appear in the lith industry currently and RIO knows it. Hence their push to quickly grab a top tier global asset before the market dynamics change and it costs them twice as much.
Ann: Pause In Trading, page-121
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Last
$8.20 |
Change
2.290(38.8%) |
Mkt cap ! $2.828B | |||
| Open | High | Low | Value | Volume |
| $8.22 | $8.25 | $8.19 | $321.5M | 39.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33462 | $8.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.21 | 202231 | 4 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| LTM (ASX) Chart |