galvanise, schemes of arrangement generally dont get up given the 75% threshold w/o board approval. Furthermore regulatory approval in the EU will be much easier to get with board backing. I expect BHP may decline to 'put up' and may walk fo r the required 6 months. RIO is very likely to issue a short term profit downgrade and without a BHP t/o I can see the RIO price falling back to $110-115. This will encourage shareholders to push the board to be a little less cavalier when kloppers comes back with a renewed offer mid year.
rio allged blackstone bid, page-32
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Last
$125.74 |
Change
-3.390(2.63%) |
Mkt cap ! $46.67B | |||
| Open | High | Low | Value | Volume |
| $126.45 | $127.31 | $125.01 | $247.6M | 1.967M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 587 | $125.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $125.88 | 200 | 1 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| RIO (ASX) Chart |