Good move Nix, did a similar thing. To be honest never been a fan of RIO management, look at their cost blowouts for the last fin year and you see why, compare this to BHP management who have consistently and sucessfully kept costs to minimum.
Unfortunate that RIO mngt are so short sighted, but its only RIO shareholders who will suffer. Remember BHP were at levels above $45+ before the t/o offer. I'd suggest they will return to levels if they withdraw the offer. Is still unfortunate though, because long term the benefits from synergies for both companies would have been very significant. Now the only synergies we may see is the BHP share price rising at the same rate RIO's fall.
Good move Nix, did a similar thing. To be honest never been a...
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B | |||
| Open | High | Low | Value | Volume |
| $42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 176 | 109821 | $41.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.80 | 17792 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |