There is buckleys of a takeover happening sub 2.50.
They knocked back 4.40 last year.
Yes things have changed in the last 6 months, but they weren't exactly peachy when the offer was made.
The people putting offers on the table have spent cold hard time and money to put in the offers, they are not going to put stupid offers forward and waste their time.
the real inside, page-4
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