RIO rio tinto limited

why the big drop?, page-8

  1. 12,639 Posts.
    Hergerr,

    There is a very big difference to a 1 for 100 shares owned to 21 for every 40 shares owned.

    If BHP had a 1 for 100 share offer well that's only a 1% difference so therefore BHP would probably only drop 1%.

    Rio's offer is almost a 50% difference. They are diluting their shares by approx 50% so expect a 50% drop.
 
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(20min delay)
Last
$108.62
Change
-0.180(0.17%)
Mkt cap ! $40.32B
Open High Low Value Volume
$108.72 $109.33 $108.17 $70.04M 644.3K

Buyers (Bids)

No. Vol. Price($)
1 4 $108.25
 

Sellers (Offers)

Price($) Vol. No.
$108.64 210 2
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