there is report re mgt interest, page-34

There should be a counter bidder (or bidders) I think.

If it is really a corporate level transaction, then COK will commission an independent expert to determine if the bid is fair or reasonable.

Even MRE (Glencore owns the majority of the shares) is hiring an independent epxert to conduct due diligence.

I think $1+ is a given. Let's wait and see.

BTW, any share prior to T.O is always depressed by the suitor ahead of time. The Koreans no doubt have used 2rd parties to sell it down.