RE:RE:RIO NEWS! They didn't do that with TRQ...outright cash purchase. I think would be same for WRN.
I also have a different take on Rio dividend cut. That's not result of them wanting to save cash for m&a...it's a result of them not making near as much. Not sure how that is a good thing related to WRN ...although don't think it's bad necessarily either. Buying WRN is not significant impact to Rio financials in my opinion.