Ann: Change in substantial holding, page-3

SVM looks to be struggling with the offer take-up.
They are not going to get 50.1% unless a couple of other big holders accept their offer.

I'd expect the other significant holders are now waiting to see what PRU's next move will be.
The problem for PRU is due diligence, has it been given a significant enough opportunity to complete any.

PRU could probably get ORR for an ALL Cash price of 63 cents.
It's not a big increase in premium, but it is all cash, as opposed to SVM scrip listed on the TSX.

This looks like a game of bluff.

Will PRU be brave enough to make an all cash offer without being given due diligence opportunity, or will they just cash in the investment and take the profit?

I'd now suggest that it depends on the risk profile that the PRU board is willing to advocate.

Gw