Feb 062008
If you are a shareholder in mining conglomerate, Rio Tinto, are you likely to be happy with 3.4 BHP shares in exchange for each of your Rio shares?
BHP seems to think you should be. Pundits are claiming that Rio is valued at 3.6 to 3.8 BHP shares per Rio share. Wouldn’t you be happier being recompensed fairly, as opposed to being shafted by the Big Australian?
We’ll soon see just how much Rio shareholders value their stake, and how serious BHP really is to own it’s competitor.