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275 Posts.

11

10/05/18

11:35

Post #: 33006637
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Originally posted by defabs ↑

It happens. The same thing happened years ago with Centro Retail when it was becoming clear we would vote down the amalgamation. A sweetened offer then presented itself prior to the meeting.

Unfortunately for MIN, the opportunistic offer of acquiring AGO for $280M, which would then increase MIN's equity by about $860M; (estimated inclusive value of tax assets and port usage written back) $1.24B to approximately $2.1B, an increase of 69% just won't happen unless the revised offer is considerably more reasonable for AGO shareholders.

It is an absolute ridiculous situation that we are being offered 8.2% of the consolidated entity yet over 40% of the consolidated equity post acquisition will come from AGO.

Come back with a more reasonable offer and it might then be give due consideration.

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Hi,

Very new to this take over kind of experience, but just wanted to ask do you believe a reasonable offer would be around the 7-8c mark?

With the MIN offer being seen as very cheap by a lot of shareholders, when would we be likely to hopefully see some other bids? Would it be similar to a house auction where someone swoops in just before the end (just before shareholder vote)?

Thanks

AGO Price at posting: 3.3¢ Sentiment: None Disclosure: Held
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