RE:RE:RE:The story isn’t over yetMarine - clearly the Rio M&A group is out of practice...I mean is this for real??? Wouldn't they have a team of lawyers that would be able to understand these laws? I might be way off on this but seems concerning if we extrapolate how this is going down to a potential with WRN.
even if it does go through...I'd imagine they are going to be on the hook for whatever deal they work with the "preferred" minority holders that they "bribed" to withhold votes!
I envision a class action against Rio if it goes through as is...and i would further expect TRQ board members being very tightly reviewed for ANY stock grants/options they get from Rio!! That would be perceived as highly unethical at a minimum and not fulfilling fiduciary responsibilities!