Looking at the state of play here and the conditions set out in the takeover Bid implementation deed, the no talk/due diligence with other parties is the clause that will stop any potential bidder and start a bidding war. No company large or small will bid for an unfamiliar company without due diligence on its assets and fork out $500m, the risk is just too high. Therefore, OZL bid is final and will not be increased unless acceptance don't reach the 50.1%, and the offer is withdrawn and off we go back to 7cents.
AVB Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held