If the world goes to crap, Semafo's 65c cash bid is legally binding if shareholders choose to accept it. The offer is a nice backstop to have, offering a 30% arbitrage return. My feeling is that the in-country producers in Africa will pick off Orbis, knowing that shareholders could accept the bid.
65c offer
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)