BHP are incredibly on the ball. Im sure they could see this metals correction coming.They knew it would hit earnings and share price.
The world tumble makes the BHP/RIO bid look good at just the time the market is discounting RIOs earnings,thus putting presure on board to sell.
BHP then does not have to fight shareholders for a higher offer.BHP takes control of RIO when its most vulnerable.Remember it would be a huge ask to take over RIO is comodities were still booming.
BHP gets RIO just as the market recovers in 2009/10.
What clever guys are these???
Amazing really
falling share price, page-8
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Last
$22.10 |
Change
0.100(0.45%) |
Mkt cap ! $68.04B | |||
| Open | High | Low | Value | Volume |
| $21.99 | $22.22 | $21.87 | $84.79M | 3.834M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9803 | $22.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.11 | 10620 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |