gillyak

BHP Billiton /Rio Tinto Merger: Is It Good for Shareholders?

Thanks for the info Old Man. For some reason I thought this was an American site.

BHP Billiton /Rio Tinto Merger: Is It Good for Shareholders?

let me get this straight, one "analyst" suggests BHP should offer 2.32 shares for each share of Rio Tinto? That comes out to around $145/share with Rio trading currently trading all the way down to $386/share. But wait, BHP actually bid 3.4 shares of BHP for each share of Rio or $214/share. And Rio is earned $$22/share in 2007 and $34/share projected for 2008
Hello!? Am I or somebody else around here totally insane?