re: takeover at $3.80 to go thru? agree with u TOTALLY Banker...
issue is..the risk v reward play isnt as attractive....
When it was trading at around $3.35s
It was good...
downside was 10c and upside was the counterbidder
Now.....at 3.57..
ITs even stevens..
ie.
Barlow offer rejects..and its down 8% to 3.25 OR
Barlow offer accepts and its up 8% to 3.80
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barloworld ltd - $3.80 cash offer, page-23
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