PDL 0.00% $5.18 pendal group limited

PDL - Totally Outplayed by PPT

  1. 1,143 Posts.
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    Why would PDL agree to a revised scheme of arrangement before the Court made it decision on damages?
    PDL implied value now that PPT takeover premium has sunk is now only $5.36 at a PPT share price of $26.
    Seems crazy - they should have stayed at the original offer? Am i missing something here?
 
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