With TATA holding back their 25%, that leaves an available pool...

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