Still lots of talk.... 3.5:1 or 3:1 + cash.... what ever form the offer might take is important, but not as important as when (if) the next offer WWILL come...
Obviously has to be prior to 6th of February, as Kloppers (IMHO) can not walk away form this for a number of reasons:
* Commerical Ego
* BHP (and RIO) believes in the synergies available
* 6-7 months down the track the outlook for both companies may have change significantly, in terms of capital invested, ramping production, new discoveries - therefore divergence in SP
* Most important IMHO is the 'new' Iron Ore Price (will re-rate all Iron Ore Stocks
So it has to be Late Jan (?)
Thoughts welcome....
take over offer, page-7
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Last
$113.99 |
Change
-1.950(1.68%) |
Mkt cap ! $42.31B | |||
| Open | High | Low | Value | Volume |
| $113.88 | $114.63 | $113.30 | $262.1M | 2.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3007 | $113.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $114.11 | 19 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |