khal,
I think your dreaming if you think BHP will try again for all of Rio's assets by Novemeber.
BHP has only ever been interested in RIO's iron ore assets to monopolize the Pilbara rail, ports, infrastructure.
This deal is the icing on the cake for BHP.
Why do you think BHP pulled out of the initial Alcan bid?
As pointed out by BHP, in their estimation RIO paid 35% too much in the first place and that was before the slump.
RIO paid the price of buying at the peak and was left with a huge debt to service.
It won't happen.
BHP has enough on its plate with Olympic Dam expansion.
Maybe in a few years time.
Cheers markco2
khal,I think your dreaming if you think BHP will try again for...
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$123.31 |
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1.650(1.36%) |
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