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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: dragonesquire who wrote (3311)2/6/2008 6:34:33 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
It should be 340 BHP as listed on NYSE. (50 * 6.8)

The ratio in London traded shares is 3.4.

The market is not impressed with BHP which fell 72p in UK after the announcement and well, lacklustre results. RTP also off a bit and back to $425.

One problem is that BHP has only little to improve the offer as as of now, RTP shareholders already have a 44% stake of a merged entity.