U235,
Your speculation makes sense.
BHP has effectively chased the RIO price up, and BHP down.
The Chinese only need 10% of either in either the LTD or the PLC if the intention is only to block a merger?
Buying RIO currently is buying the takeover and a heap of high priced Fe. In contrast BHP sp not as exposed to Fe, which is what you would therefore buy if your objective was to contain the iron price.
EL
u238z1 steals another 100000 bhp, page-68
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Last
$41.56 |
Change
0.100(0.24%) |
Mkt cap ! $210.7B | |||
| Open | High | Low | Value | Volume |
| $41.31 | $41.56 | $41.02 | $239.0M | 5.777M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100 | $41.55 |
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| Price($) | Vol. | No. |
|---|---|---|
| $41.57 | 9916 | 3 |
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