http://www.bloomberg.com/apps/news?pid=20601087&sid=a4NP3nRvxsIM&refer=home Nice prem on PD from friday's close.
That's one hefty premium. I wonder how FCX will do. It'll be an interesting morning on Monday to say the least. These have been two of my favorites to trade last few months. It'll be sad to see one go away...
If the government allows the merger then, it's another sign they really don't give a crap about price manipulation and are cheering continued rises in inflation. Some type of buyout of PD would be ok but not a merger of this scale. Inco already got taken out and will be part of CVRD. The result is price monopoly. I think a lot of these politicians are being paid off to allow this crap to go through! Allowing these mega-mergers is a sure way to guarantee these high commodity prices to continue.