Break-up looms for Rio Tinto
Without the BHP bid to prop up his share price Rio boss Tom Albanese will now be under extreme pressure to renegotiate the bank debt he helped to create following the 2007 acquisition of Alcan.
The irony for Albanese is that the predator he successfully fought off will probably now pick up some big assets in the Rio empire at a big valuation discount to its 3.4 for 1 scrip takeover offer.
http://www.news.com.au/heraldsun/story/0,21985,24708034-664,00.html
Break-up looms for Rio TintoWithout the BHP bid to prop up his...
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Last
$38.67 |
Change
-0.670(1.70%) |
Mkt cap ! $196.0B | |||
| Open | High | Low | Value | Volume |
| $38.65 | $38.77 | $38.46 | $234.6M | 6.076M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 32 | $38.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.68 | 8494 | 26 |
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