China cant block this takeover or merger or whatever you want to call it.
Fact is Rio board knows there is no future in allowing China to control them,fund managers holding tonnes of Rio and Bhp scrip know this too.
Rio wants the best deal possible for themselves and their shareholders.It means getting the premium they deserve and also hooking up with Bhp for the future upside to come.
A deal will be done and China will be outside looking in.
A Bhp/Rio company will be huge but still not the biggest company in the world,in 3 years though it sure will be.
Loki China have heaps of cash to spend but they are buying into distressed financials and mining minnows with little clout at this stage,dont overestimate them we are still smarter for now.
China cant block this takeover or merger or whatever you want to...
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Last
$42.96 |
Change
0.570(1.34%) |
Mkt cap ! $217.9B | |||
| Open | High | Low | Value | Volume |
| $42.74 | $43.16 | $42.65 | $205.9M | 4.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13803 | $42.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.97 | 35250 | 1 |
View Market Depth
| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| BHP (ASX) Chart |