Do you even read the financial press... the institutional shareholder base of rio/bhp are 60% the same. They are all clamouring for this deal... likewise RIO will accept if the price is right... they have practically said as much. The synergies behind the deal are staggering let alone the potential cost cuts especially in the Pilbarra alone. There are competition/regulatory issues however BHP will have the expertise to see this through. You guys are seriously morons if you think this is a conspiracy... a combined RIO/BHP will be future proof to commodity cycles... they will have the longest life, cheapest assets with in the world huge expansion potential that will make money no matter where commodity prices are. Further a combined RIO/BHP will have so much pricing power alone commodity cycles in the future are likely to experience a smoothing effect... remember the resources industry is nowhere near as fragmented as it used to be. this deal makes obvious sense. RIO is going up... CWLEIEW i'd close your short... institutions are expecting BHP to up its offer with cash and when it does the RIO board will be forced to accept.
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