RCI rocklands richfield limited

jindal to continue bid, page-6

  1. 2,511 Posts.
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    makes you wonder why then did they buy shares in the first place to go over 15%? They are concerned over FIRB yet they still plan for a takeover? Is todays announcement used to give them a chance to dump another5 or 10 mill shares? It all seems to cute. Due Dilligence not as great as expected so this a way of reducing the stake opportunistically?

    I have no idea!

    If they are a genuine seller of their stake on market then that may also indicate they don't think Meijin will be interested either.

    Also why didn't they sell down to 14.9% only?

    Many uncertainties, I probably want a lower price to buy back in. Will watch with interest now.

 
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