I saw that too Toggs, and I dunno...
Barclays have just writtendown $B2.7, UBS $B14.4, HSBC $B7.5 and Citi $B19.9
http://blogs.wsj.com/marketbeat/2008/01/18/writedowns-surpass-100-billion/
BHP want $B70 to fund the 'merger'. With writedown numbers like this (and more to come) I think we can agree that credit is going to be harder to get and more expensive....
Why wouldn't BHP wait??? Other people have already covered the risk/reward to BHP of walking away now. I bet they've already done the numbers that cover the likely price the'd pay in say 6 months time, 12 months time....
cheers
Lekki
bhp billiton preparing hostile bid for rio , page-3
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | $44.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.75 | 3245 | 8 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |