Can't see this one making it to 49c without another bidder entering the fray. From memory Jindal's first bid for the company during their last takeover attempt was 42c before they were pushed much higher by the competition. So that would be a sensible target without any other competitors this time.
The only person likely to get 49c or higher for their shares is Benny Wu who controls the majority of the company's shares making him a more valuable target, the rest of us are just stepping stones to this path.
- Forums
- ASX - By Stock
- RCI
- Ann: Variation of Takeover Bid
Ann: Variation of Takeover Bid , page-16
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RCI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online