bid to come on return

It is clear that Kloppers was hired by the Board of BHP for the purpose of taking over RIO. Therefore this has been carefully planned. Kloppers was reported in the press yesterday to have told a customer in Asia that the deal would be successfully concluded within 2 months. BHP are determined, cashed up and ready to roll. Kloppers is currently softening up the instos who will see the deal as a good one and when he comes back next week he will launch a bid to shareholders that will be equivalent to $150 per RIO share. There is some selling of BHP here to buy BHP in the UK as it is cheaper but the stock will be up $10 overnight once the bid is made. No formal bid has been put yet but it will come most likely next week. THis will not be a drawn out affair.
The CHinese can do nothing unless they buy into RIO. There was no-one to stop CVRD buying Inco, Norislk buying LionOre or Xstata buying Falconbridge. CVRD produces more Iron Ore than BHP/RIO anyway.
RIO $150+
Rockford