"We have said that we would only seek to complete the transaction if it was in the best interests of BHP Billiton's shareholders. While we have not changed our view of the basic industrial logic of the combination, or of the longer term prospects for natural resource demand growth driven by emerging economies, we have concerns about the continued deterioration of near term global economic conditions, the lack of any certainty as to the time it will take for conditions to improve and the risks that these issues imply for shareholder value."
In effect the statement reads, "Not making the acquisition is now good, but we still think the resources sector is going to boom... only not right now, but in the future. Honest."
"We have said that we would only seek to complete the...
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Last
$118.75 |
Change
-0.950(0.79%) |
Mkt cap ! $44.08B | |||
| Open | High | Low | Value | Volume |
| $116.91 | $119.27 | $116.22 | $220.9M | 1.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $118.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $118.85 | 235 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |