One day the gloom and doom will end. Right now I think big Austalian miners are a great investment (just not 100% sure of the timing). I think that regulatory approval for the acquistion/takeover will eventually be forthcoming.
Question is - is it better to buy RIO and get taken over by BHP, or just buy BHP and acquire RIO along the way? What would any change in the price differential between the two mean for investors. I had heard that holding RIO and getting taken over gives rise to a CGT event - but not the other way around. Does anyone have a postion on this?
