Does Rio Tinto (RTP) Deal Put Alcoa (AA) In Play?
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247wallst.com
The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (NYSE: RTP). A billion dollars of the cash will go to buying back a piece of RTP owned by Alcoa (NYSE: AA).
If China believes that it is getting a piece of RTP’s assets on the cheap, it is right.
Continue Reading at 247wallst.com>>>>
The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (NYSE: RTP). A billion dollars of the cash will go to buying back a piece of RTP owned by Alcoa (NYSE: AA).
If China believes that it is getting a piece of RTP’s assets on the cheap, it is right.
Continue Reading at 247wallst.com>>>>
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