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Fiat says that a "put" option, signed between the two companies, is legally binding.
Rio Tinto is hoping that a "put up or shut up" deadline for BHP Billiton will force the world's largest mining company to make a formal bid.
Recall that a put option is a contact that gives an investor the right, but not the obligation, to sell an underlying security at the strike price of the option, on or before the expiration date of the option.
Similar(57)
That's a put-on.
Was that a put-on?
Mainly, that a put-together persona ― like the glamour you see in commercials for perfume or lipstick ― isn't always indicative of real life.
It's not often that a put-upon porcine protagonist finds a pretty new pal and manages to push back against the perils of pollution.
A group that put a smile on her face.
Then the Washington Supreme Court handed down a decision that put a quite different spin on the matter.
Because it is a devastating system that put a negative effect for a long duration.
This is also a choir that puts a premium on robustness.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com