BST 0.00% $1.88 best & less group holdings ltd

Can someone explain why the current share price is below the...

  1. 53 Posts.
    lightbulb Created with Sketch. 10
    Can someone explain why the current share price is below the 1.89 offer from Blundy? Surely any purchase below this level would give a gauranteed profit in a month or 2 when the deal goes through. I guess there is a risk he pulls out but it seems pretty unlikely.
 
watchlist Created with Sketch. Add BST (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.