RE:RE:RE:RE:RE:Let’s have some estimation for the RecordSooner, how do yout think they will finance the capex of Casino? Hint: they will issue RIO shares to buy us out and then the billions they "saved" avoid a cash buyout allows them to deploy the capital for capex purposes.
I am happy, BoD is happy, RIO is happy, etc. Now, if you are one who prefers cash, then you are free to sell your WRN shares prior to them being converted to RIO shares.
You do realize that attempting to use cash to fund capex and the buyout would probably be $6 billion. That amount isn't lying around in a piggy bank buried in RIO's backyard. They can't issue RIO shares to fund the capex, but they can to square away the buyout.
Bottom line, 99% chance we are looking at a share conversion and not a cash buyout, it only makes logical sense from a practical standpoint and a tax standpoint.