and BHP can't make another bid for RIO until November (UK takeover laws), unless the bid is a friendly bid agreed to by both sides (unlikely).
So, Stigmata, BHP and RIO can only merge if RIO directors engage BHP and negotiate. no hostile takeovers here, and hence no bidding wars.
rio reply to concerns, page-9
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Last
$118.93 |
Change
-4.380(3.55%) |
Mkt cap ! $44.11B | |||
| Open | High | Low | Value | Volume |
| $119.61 | $120.25 | $118.80 | $97.93M | 821.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 292 | $118.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.94 | 208 | 8 |
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| Last trade - 14.42pm 11/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |