"Kloppers doesn't 'need' this deal anymore than RIO do: it is simply a great option to extract massive synergy benefits that will be lost to both sets of shareholders if it doesn't go ahead. "
IMHO - He does NEED the deal.... one of the reasons he got the top job is because he stated he wanted RIO..... cannot imagine walking away from it (ego and saving face paramount!)
Will be a drawn out process though...
rio allged blackstone bid, page-26
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Last
$127.45 |
Change
4.230(3.43%) |
Mkt cap ! $47.31B | |||
| Open | High | Low | Value | Volume |
| $126.25 | $127.95 | $125.00 | $303.5M | 2.401M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1052 | $127.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.49 | 3457 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |