I keep seeing it punted around that when Vale tries to take over Fmg, the share price will rocket. I see one major problem with this scenario. Bhp wants to take over Rio. The ACCC has given approval due to there being another player in the market which is Fmg so there will still be competition. So therein lies the problem. If Vale wants to buy Fmg, then the competion has gone so there will only be 2 major players in iron ore if the Bhp/Rio merger goes ahead. Then again if the Bhp/Rio deal falls through, then it may be game on.
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Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |