With TATA holding back their 25%, that leaves an available pool of 75% for RIO to reach .50%, they will now need 67% of available pool.
This bid looks shaky to me. RIO may increase their offer; there could be another bidder. If it falls in a heap you can wipe $4-5 off the sp. This certainly not the TO scenerio that I was expecting. Selling some on-market is starting to look appealing.
DYOR!!!
Cheers, Skip
With TATA holding back their 25%, that leaves an available pool...
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