what's happening with takeover offer?, page-2

The stock is trading at more than 50% discount to the offer price. The class action at 100m is worth around 8.5c per share. The discount is far too great to be proceeding even if they withheld $100m towards settlement of the class action which does not exist yet! The SA's have just had a good look at their biggest competitor, and left us hanging! I Hope the NDA was pretty tight as it may come into play in the future!