This is fun. Having been only holding for a short while I probably would have been swayed immediately if TIO had come in at 3.5 since my back of envelope base
'Fair' care was around $110-120 mill against last year's offer. 2.5? Meh, not compelling except as present insurance on my deployed capital.
I'm in and will have mine on at 5 cents tomorrow.
Imagine if this came off and the management were left copping 2.5 cents whilst we got 5! A delicious day dream.
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