With TATA holding back their 25%, that leaves an available pool of 75% for RIO to reach .50%, they will now need 67% of available pool.
This bid looks shaky to me. RIO may increase their offer; there could be another bidder. If it falls in a heap you can wipe $4-5 off the sp. This certainly not the TO scenerio that I was expecting. Selling some on-market is starting to look appealing.
DYOR!!!
Cheers, Skip
- Forums
- ASX - By Stock
- RIV
- tata steel says will hold on to riversdale
tata steel says will hold on to riversdale, page-2
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RIV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online