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)
The Chinalco and Alcoa's stake equates to just under the 10%...
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Last
$110.73 |
Change
-1.440(1.28%) |
Mkt cap ! $41.10B | |||
| Open | High | Low | Value | Volume |
| $111.10 | $111.69 | $110.34 | $121.9M | 1.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 430 | $110.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $110.74 | 3594 | 4 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |