emklien,
The price i quoted at the time was correct.
That was 8 hours before you posted.
It wasn't until the US market opened before things went haywiire.
I think generally the market would like the T/O.
Its normal for the bidders shareprice to go down whilst the one in the T/O situations shareprice increases to reflect the offer.
BHP will more than likely go back to the table and add a cash value along with the 3 for 1 shares.
There is also the anti trust situation.
China would not be too keen on seeing RIO and BHP join forces in particular with control of 50% of the world's iron ore.
They may move to take a 11% block in RIO to prevent a T/O.
One thing is for certain. This T/O bid is far from finished.
Expect something from the left field.
Cheers markco2
emklien,The price i quoted at the time was correct.That was 8...
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$40.21 |
Change
-0.810(1.97%) |
Mkt cap ! $203.9B | |||
| Open | High | Low | Value | Volume |
| $40.57 | $40.59 | $40.06 | $321.6M | 7.985M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5550 | $40.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $40.22 | 5300 | 2 |
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