let's assume the RIO deals fails to materialise due to Kloppers/BHP Board discipline (of which they are well endowed) walking away from the excessive premium thus calling everyone's bluff for going long RIO. we do know that BHP is essentially after RIO's iron ore followed by the 3.7B+ annual synergies, so why not take out FMG and therefore all the brand new infrastructure and impressive iron ore deposits in the Pilbara. FMG market cap is roughly 10% of RIO so they could basically do an all cash or scrip offer with a massive premium to FMG shareholders that may even tempt Twiggy to accept. stranger things have happened?
NB i also posted this on the BHP forum.
fmg the real prize for bhp
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Last
$21.71 |
Change
-0.190(0.87%) |
Mkt cap ! $66.84B | |||
| Open | High | Low | Value | Volume |
| $21.77 | $21.80 | $21.34 | $408.6M | 18.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289875 | $21.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.72 | 95078 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |