nice article. this excerpt stands out for me...

nice article. this excerpt stands out for me particularly.

''Peabody Energy?s failed $4 billion bid for Macarthur Coal earlier this year showed just how much of a say major shareholders can have in scuttling potential deals and Rio will have to contend with this issue if and when it officially lobs its offer. The other thing to keep in mind is that any offer from Rio is unlikely to go unchallenged and a bidding war for Riversdale with the likes of Vale, Peabody and a host of Chinese and Indian players could well be on the cards. UBS is reportedly advising Riversdale on the deal while Macquarie is doing the honours for Rio Tinto. ''