re: re:strong rumours wmc..rio bid by monday There are plenty of reasons why RIO didn't have to get rush into the bid..
*BHP have very little of WMR
*Because when they will be offering a cash and script component it is better to let their share price bottom and be supported by the buyback...so that post bid RIO SP will be underpinned and not pullback too much.
* RIO can go straight to unconditional and give a closing date after June30 so shareholders of WMR can accept in either 04/05 or 05/06 financial years.. remembering that now the tax rates for 05/06 are significantly lower for top earners.
strong rumours re: wmc, page-8
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Last
$121.66 |
Change
2.280(1.91%) |
Mkt cap ! $45.16B | |||
| Open | High | Low | Value | Volume |
| $120.80 | $122.10 | $120.15 | $117.4M | 967.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6 | $121.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.70 | 387 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| RIO (ASX) Chart |