rio bids for riversdale @ $16.50, page-19

The directors (idiots) have already recommended the 16.00 bid, not 16.50, so our salvation can only be if a bidding war is on the cards. The slimy directors arnt allowed to try to negotiate a better deal with another party and RIO has right to match a higher bid. The anouncement mentions how good the deal is for RIO. Thought O'Keefe may have needed to be watched when I found out he owned racehorses. Always a telling sign and proved right again.