I am sure BHP would pay much more only if these invertebrates simply asked for what share holders rightly deserve. BHP already said so if there is a counter bid and called the UMC management bluff.
When did you see RIO leaning over forward obligingly when BHP repeatedly tried a takeover. At $150/share, RIO told BHP to take a hike.
The UMC board should collectively throw themselves over a cliff in shame. These pathetic cuckolds derserve no respect.
It's hard to comprehend this madness when you consider the GFC (worst financial crisis in a 100 years) only brought the global benchmark IO price down 33% momentarily (spot price being way up there and rising) and the talk of a 30% hike in 2010 at a time when the rest of the world has barely emerged from recession.
I am sure BHP would pay much more only if these invertebrates...
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