The Chinalco and Alcoa's stake equates to just under the 10% blocking stake. This amount for political reasons, can't be seen for what they are. Using soveriegn wealth as a weapon.
They certainly have the money. Go figure.
All they need is a pal who owns 1.1% who won't accept the BHP bid and the takeover is dead in the water.
Figure BHP are beaten and they know it. Champagne in the RIO boardroom today.
Climate Change
( Yes it does)
takeover dead in the water
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$121.13 |
Change
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Mkt cap ! $44.67B | |||
| Open | High | Low | Value | Volume |
| $119.31 | $121.31 | $118.98 | $86.57M | 718.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85 | $121.12 |
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| Price($) | Vol. | No. |
|---|---|---|
| $121.14 | 495 | 22 |
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