Business
Citi runs numbers on Fortescue, South32 tie up – The Australian Financial Review
There’s nothing quite like a few months of market mayhem to breathe life into wistful thoughts about mega deal M&A.
Citi reckon Fortescue would have to pay a 30 per cent takeover premium, or $2.68 a share, which would imply an enterprise value of $12.4 billion for South32.
The analysts modelled a 40:60 cash:scrip…
