I've got the feeling it's a second bidder. The price being offered is an absolute steal and other takeovers at far higher prices have been rebuffed by UNV so I wouldn't be surprised to see a bidding war break out.
Ann: Offer Document - Universal Coal plc, page-20
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Change
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Mkt cap ! $136.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $224.9K | 1.321M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30634 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 109422 | 20 |
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