Chinalco and Alcan take Rio's aluminum assets... this will significantly reduce the cost price for BHP and allow them to reduce immediately transaction debt. Why, Alcan and Chinalco have a history together - will likely see a merger between these two or a simple carve up between the two of Rio's aluminium assets.
BHP now has a 12% stake that will sell into its bid if BHP is willing to give up the aluminum assets. Most of BHP's synergies to be derived from the deal are not in aluminum anyway but iron ore... and this deal is about 'synergies' to BHP... not a punt on commodity prices.
Cheers
my scenario
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Last
$43.30 |
Change
0.620(1.45%) |
Mkt cap ! $219.5B | |||
| Open | High | Low | Value | Volume |
| $42.75 | $43.39 | $42.74 | $244.0M | 5.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21962 | $43.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.30 | 4233 | 1 |
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| BHP (ASX) Chart |